Insurance News

Lawmakers ask insurers for information on Toyota cars

Posted on: February 12, 2010

WASHINGTON?Two congressmen have asked leading automobile insurers to disclose any information they might have provided to federal regulators regarding problems with vehicles manufactured by Toyota Motor Corp.

In letters sent Tuesday to top executives of five auto insurers, House Energy and Commerce Committee Chairman Henry Waxman, D-Calif., and the chairman of the panel?s Subcommittee on Oversight and Investigations, Rep. Bart Stupak, D-Mich., requested that the insurers provide them with any reports, briefings or presentations that they provided to the National Highway Traffic Safety Administration ?concerning defect trends in Toyota since 2000.?

The lawmakers also requested copies of any communications to or from NHTSA regarding those reports.

The letters were sent to the heads of Allstate Insurance Co., Farmers Insurance Group, GEICO, Progressive Corp. and State Farm Group.

The committee plans to hold a Feb. 25 hearing to examine complaints of sudden, unintended acceleration in vehicles manufactured by Toyota.

The letters followed reports that at least one insurer reported to federal regulators about sharp rises in claims involving Toyotas as far back as 2007.

Copyright © 2010 Crain Communications, Inc.

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