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Toyota Recall May Drive D&O Claims, But Light Impact Seen For Other Insurers

Toyota's recalls will have little impact on the ratings of auto and commercial lines insurers, according to Moody's, but a law firm said directors and officers carriers could face major exposure.

By Daniel Hays | Updated on February 21, 2010

Toyota’s recalls will have little impact on the ratings of auto and commercial lines insurers, according to Moody’s, but a law firm said directors and officers carriers could face major exposure.

An analysis by Moody’s Investors Service said for auto insurers there is the chance of limited subrogation recoveries, while commercial lines carriers face the possibility of some personal injury and product liability lawsuits as well as product recall policy claims.

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