Takata airbags News

Toyota, BMW, Mazda, Subaru Settle Takata Airbag Economic Loss Claims

Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, court documents filed on Thursday showed. Toyota Motor Corp.’s share of the …

Large Claims Becoming More Expensive, Complex & Global: Allianz

Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …

Toyota, Nissan, Honda Expand Global Recall Due to Faulty Takata Air Bags

Japan’s three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp., saying they were taking back millions of vehicles worldwide for investigation. Toyota Motor Corp. and Nissan …