General Motors will begin processing compensation claims from victims of the faulty ignition switch linked to 13 deaths on August 1, says Industry Week.
In a testimony delivered to the House of Representatives oversight panel this week, GM Chief Executive Mary Barra said the automaker is making swift progress in setting up the compensation fund. Attorney Kenneth Feinberg, who was selected by GM to oversee the victim compensation process, is expected to provide criteria for victims and compensation levels by the end of this month, Barra says.
The company says it knows of 54 ignition-related accidents and 13 deaths since 2004. The National Highway Traffic Safety Administration says the death toll could be higher.
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
