GM Recall Program: Deaths Rise to 23
September, 2014
Dear Care for Crash Victims Community Members:
NY Times reports on crash victims acknowledged under the GM “Compensation” Plan. This is an excellent article that gives readers a glimpse of the human tragedies and some of the costs faced by crash victims.
Reuters reports “Under the program’s protocol, eligible death claims will receive at least $1 million, which could increase depending on factors such as whether the deceased had any dependants. GM has set aside $400 million to cover the compensation costs, and said the total could rise by another $200 million.” Seehttp://www.reuters.com/article/2014/09/29/us-gm-recall-compensation-idUSKCN0HO1F220140929
DOT Policy Guidance on the value of a statistical life should be calculated at $9.1 million in 2012. See attached DOT document. If the GM “Compensation” plan met that U.S. policy the 23 deaths so far would cost GM more than $209 million.
Unfortunately many, probably most if not all, crash victims are not likely to receive anything like the dollars called for by U.S. policy guidelines. See https://www.careforcrashvictims.com/assets/MonthlyReport-June-July-2014.pdf
Lou
