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Commercial lines exposed to Toyota: Moody’s
15 February 2010
Japan car maker Toyota’s recall of many of its cars because of braking problems exposes commercial lines carriers to personal injury and products liability lawsuits, Moody’s has said in its weekly credit outlook.
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Toyota
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commercial lines
auto insurers
Japan car maker Toyota’s recall of many of its cars because of braking problems exposes commercial lines carriers to personal injury and products liability lawsuits, Moody’s has said in its weekly credit outlook.
The rating agency is cautious over the potential size of the impact to commercial lines insurers, blaming a lack of disclosure regarding Toyota’s utilisation of third-party insurance, the number of claims from prior years...
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