State Farm: Toyota needs to repay its claims

Posted April 12, 2010 at 9:52 a.m.

From USA Today | Bloomington-based State Farm Insurance has asked Toyota to
repay them for any crashes related to unintended acceleration by its
vehicles. Demands for repayment of claims — called “subrogation” in the insurance
business — could end up costing Toyota from $20 million to $30 million,
says Mark Bunim, an attorney with Closed Case, a mediation firm.

Get the full story: usatoday.com.

 

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