Insurance companies are gearing up to recover losses from Toyota on claims insurers paid for accidents caused by defective vehicles, the Associated Press reported.
Toyota owners may also be eligible for reimbursement of deductibles and out-of-pocket medical expenses. However, consulting with a Boston car accident lawyer experienced in handling defective vehicle claims is the best course of action for anyone dealing with a traffic accident involving a defective vehicle.
The move by some of the nation’s largest insurers, including Geico, State Farm and Allstate, is the latest setback for the embattled automaker, which has recalled more than 6 million vehicles this year amid reports of sticking gas pedals, faulty brakes and other safety issues.
Earlier this month, Toyota agreed to pay a $16.375 fine levied by the National Highway Traffic Safety Administration. The largest fine ever imposed on an automaker by the U.S. government accused Toyota of “failing to report known safety problems as it is required to do under the law.”
And the problems continued last week after Consumer Reports issued a rare “Don’t Buy” warning against the Lexus GX 460 SUV, part of Toyota’s flagship luxury line, amid concerns about possible rollover accidents. Toyota issued a recall after the report.
The NHTSA has linked 52 deaths to claims of sudden acceleration in Toyotas. More than 100 personal injury and wrongful death lawsuits have been field across the country. Those suits are currently being consolidated by a federal judge in California, along with more than 100 suits from Toyota owners claiming they have been financially harmed by the falling resale values of their vehicles.
If you have been injured in a Massachusetts car accident or an accident which may have been caused by a defective vehicle, contact the Law Offices of Jeffrey S. Glassman for a free and confidential appointment to discuss your rights. Call 877-617-5333.