Toll from faulty General Motors ignition switches now stands at 114 deaths and 229 injuries

The death toll from faulty ignition switches in General Motors small cars has risen by three to 114.

Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. In addition, Feinberg will make offers to 229 people who were injured in crashes caused by the switches in the Chevrolet Cobalt and other older cars.

GM recalled 2.6 million of the cars last year, but acknowledged it knew about the switch problems for more than a decade.

Feinberg's compensation fund received 4,342 claims by the Jan. 31 deadline. About 3 percent remain under review. About 90 percent were deemed deficient or ineligible.

GM paid $200 million to settle claims filed with Feinberg as of March 31.