Attorney Kenneth Feinberg, right, meets with family members of victims who died in accidents caused by GM's ignition switch flaw at a news conference where he announced the details of the compensation program. (AP Photo/Manuel Balce Ceneta)

General Motors says it will not use liability insurance payouts to compensate ignition-switch claims, reports Automotive News. David Roman, director of financial communications at GM, told the magazine that claims will be paid out “through cash on hand, no insurance.”

Attorney Kenneth Feinberg unveild GM’s open-ended compensation fund last month to compensate those killed or injured in accidents caused by defective ignition switches. Under the fund, family members of the 13 people killed in accidents caused by the defective switch are eligible for at least $1 million–a number that can increase depending on other factors.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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.

Already have an account?


NOT FOR REPRINT

© 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.