NATIONAL - According to a recent article published in USA Today, State Farm Insurance Companies will be seeking repayment from Toyota on unintended acceleration claims.
"Armed with reports of accidents for which they've already paid claims, State Farm insurance has asked Toyota to repay them for any crashes related to unintended acceleration by its vehicles." Other insurance companies "are expected to follow and demands for repayment of claims - called 'SUBROGATION' in the insurance business - could end up costing Toyota from $20 million to $30 million . . ."
The article goes on to say, "If Toyota doesn't end up paying for accidents insurers link to sudden acceleration, the cost could trickle down to consumers, who could end up paying higher insurance rates for Toyota vehicles."
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