General Motors has completed a review of 4,342 claims and have declared 124 deaths eligible for compensation for at least $1 million.
The claims were filed by families of the people who died in crashes or people who were injured in the mostly 2003-2007 small cars GM recalled beginning in February 2014. The recall was because the ignition switches could disengage, cutting electrical power to steering, air bags and other critical functions of the car.
The administrator of the General Motors Ignition Compensation Fund will offer a review of his staff’s work next week. Not all awards have been expended yet and those eligible for compensation have 90 days to accept or reject the offer.
Last month GM said they have set aside $625 million to pay for the settlements in the cases and have already paid out $280.