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Frank A. Douglass Insurance Agency

$595 Million Paid Out In Faulty Ignition Switch Cases

The General Motors ignition switch compensation fund paid a total compensation of nearly $595 million.

Washington Attorney Kenneth Feinberg was in charge of the fund.

His firm reports over 90-percent of owners involved in accidents due to a faulty ignition switch accepted offers from GM.

All of the 124 death claims tied to the problem were resolved without going to court.

The automaker received over 4,300 claims from owners of Chevrolet Cobalts, Saturn Ions and other small cars with a defective switch.

399 claims were approved.

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