The death toll from General Motor's faulty ignition switches hasrisen to 57 in the latest weekly tally released Monday.

|

A total of 57 deaths were deemed eligible for a payout, climbingby one from 56 the previous week. The number of eligible injuryclaims increased to 94 people from 87 the previous week.

|

A final tally likely won't be known for weeks as Washington D.C.attorneys Ken Feinberg and Camille Biros continue checking oneligibility. Feinberg and his aides are checking claims filedor postmarked before a Jan. 31 deadline to determine which areeligible for compensation. Each eligible death claim is worth atleast $1 million under his guidelines. Feinberg was hired by GM tomake payments.

|

GM fund established in Aug. 2014

|

GM established the fund in August after waiting more than 10years to recall 2.6 million vehicles equipped with the faultyswitch. Too much weight on or a jarring of the ignition key canmove the switch from “run” to the “accessory” position therebycutting power to air bags.

|

GM has set aside $400 million to pay for the fund and could tapan additional $200 million if needed. Those who accept payoutoffers from the fund must waive their rights to sue the automaker.

|

See also: GM gets 33 more claims for faulty ignition switchcompensation

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • 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.
NOT FOR REPRINT

© 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.