According to the article “State Farm Asks Toyota to Repay Acceleration Claims” by Sharon Silke Carty on USAToday.com, State Farm Auto Insurance has asked Toyota to repay them for any accidents related to uncontrolled acceleration in Toyota recalled cars. They have already paid for these claims and want to be reimbursed.
Mark Bunim, an attorney with Case Closure, says that other auto insurance companies are expected to follow State Farm’s lead and demand repayment of paid claims. This could end up costing Toyota between $20 million to $30 million. It may have also affected a State Farm Insurance quote received by individuals shopping around for auto insurance. State Farm intends to ensure Toyota is held accountable.
Toyota has recalled 7.7 million cars in two recalls related to sudden and uncontrolled acceleration, one causes by a floor mat getting stuck, and one caused by a sticking pedal. Read more…
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