All 4,000 compensation claims made related to General Motors’ ignition switch defects have been reviewed by attorney Kenneth Feinberg’s office.
The results show us that out of more than 2.6 million cars recalled last year, the not properly working switches led to 124 deaths and 275 injuries, out of which 17 were serious.
Feinberg was hired last year by GM to compensate independently the victims of the crashes produced by the defective switches, which can we pushed out of the “run” position by a knee or a heavy key chain, leading to a power cut to the engine and power steering.
The American carmaker has set aside $625 million to pay its victims, with payouts worth of $1 million for the person who died in an incident, and $300,000 for every surviving spouse or other dependants of the victim.
Feinberg’s office approved 275 injury claims from all claims GM received, out of which 258 stood for minor injuries that required hospitalization or outpatient treatment in the 48 hours from the accident. The other 17 injuries were deemed serious as they have resulted in quadriplegia, paraplegia, double amputation, permanent brain damage or pervasive burns.
The payouts for these victims vary and can exceed the money given for the death claims. Those who suffered minor injuries are eligible for payments between $20,000 up to $500,000 based on the length of their hospital stay.
Feinberg’s office received a total of 4,343 claims regarding the faulty ignition switches, and around 90% of them were dismissed as being ineligible.
A GM spokesperson was not immediately available for comment.