GM ignition switch deaths, injuries total 398; 275 have accepted compensation so far

General Motors' faulty ignition switches were responsible for at least 124 deaths and 274 injuries, according to a fund set up to compensate victims.

The fund, administered by attorney Kenneth Feinberg, updated the totals Monday.

Victims' families are being offered compensation of at least $1 million each.

The fund has finished processing the 4,342 claims it received by the Jan. 31 deadline. Of those, 91 percent — or 3,938 — were deemed ineligible. Feinberg is waiting for additional documentation for six claims.

Fund spokeswoman Camille Biros says 385 compensation offers have been made so far and 275 have been accepted. Five have been rejected.

GM recalled 2.6 million Chevrolet Cobalts and other small cars last year but acknowledged it knew about the ignition switch problems for more than a decade.