Editor's Note: This article originally appeared in National Underwriter, P&C
Spokesmen for several major insurers said their companies had begun the subrogation process against Toyota, but little detail about the process or scope was offered.
Mike Siemienas, speaking for Allstate, said it has notified Toyota that "we have claims that we believe are the result of a product defect," adding that the company has started the subrogation process.
"Allstate continues to investigate claims involving recalled vehicles," he noted, but declined to say how many of its 17.7 million auto policyholders owned Toyotas and how many might possibly have claims that could be subrogated. Allstate is the second-largest U.S. auto insurer.
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