Attorney Kenneth Feinberg and his staff are still hard at work reviewing victim compensation claims from General Motors customers, with 1,326 of a total 4,342 claims still waiting in-queue. Consequently, this will likely not be the last increase in the number of approved death and injury claims.
Nevertheless, the Detroit Free Press reports that Feinberg has approved another 7 death claims since last week, raising the total up to 74. Additionally, 126 injury claims have been approved by the attorney for compensation, a number which has also steadily crept upward.
As we previously reported, General Motors had allocated $400 to $600 million from its revenues in anticipation of the total cost of the compensation disbursement effort. But if the queue of remaining claims to be reviewed are any indication, the confirmed death toll from GM’s faulty ignition switch could very well climb above 100.
It’s entirely possible that the victim compensation could end up costing the automaker more than the anticipated $600 million “ceiling” that GM had accounted for.