GM’s ignition switch compensation fund has approved three more claims for death.
The total approved claims now sits at 124 for death and 266 for injuries, of which 14 are for serious injury. That brings the overall approval total to 390 claims.
The fund is nearing completion of its review and no new claims are currently under review. There are 453 claims that are listed at “deficient,” which means that a final determination has not been made in these cases, which will be reviewed again.
By the end of this month the fund expects to be completely finished.
GM will be paying at least $1 million for each approved death claim and has set aside $550 million in total to cover all of the claims. The issue is faulty ignition switches which were installed in many General Motors small cars that can cause the engine to inadvertently shut off, disabling the power steering and airbags.
So far, six offers have been rejected while 205 have been accepted.
GM took nearly a decade to issue the recall after having evidence of the issue. Because of this, the U.S. Justice Department is currently investigiong whether or not GM should be charged criminally in connection with the delay.
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