The fund, run by Kenneth Feinberg to evaluate claims tied to the defect and offer cash settlements, said today it approved 27 payouts as of Oct. 10 for cases of death. At least 151 other fatality claims are under review.
GM, the largest U.S. automaker, said in July it was setting aside $400 million to $600 million to pay victims, and would abide by whatever determinations Feinberg makes. Feinberg has declined to speculate how much GM could pay out.
There have been 1,371 claims made to the program, including 1,193 for non-fatal injuries. Twenty-five of those injury claims so far have been ruled valid.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
