GM has establish a Voluntary Compensation Fund for victims of the defective ignition switch in GM vehicles. The program is intended to cover victims killed or seriously injured when the airbag failed to deploy because a defect in the ignition switch causes the vehicle to stall, disabling air bags.
The program was launched on August 5, 2014. According to a report from Kenneth Feinberg, the administrator of the fund, 21 deaths and 16 claims of serious injures have been determined eligible for compensation from the fund. As of Friday, September 19th, 143 death claims have been received. A recent article from Reuters disclosed that $400 million has been set aside by GM to cover compensation costs for the victims of the recalled ignition switch.
Based on Feinberg’s announcement outlining the details of the compensation fund, the deadline for submitting claims is December 31, 2014. The full text of the announcement is available at www.GMIgnitionCompensation.com