State Farm, Allstate Moving Forward with Toyota Subrogation Process - BodyShop Business

State Farm, Allstate Moving Forward with Toyota Subrogation Process

State Farm and Allstate – the largest and second-largest auto insurers in the U.S., respectively – confirmed this week that they have begun the subrogation process with claims for Toyota vehicles subject to the automaker’s recall of 7.7 million vehicles for gas pedal issues, National Underwriter reported.

Mike Siemienas of Allstate told National Underwriter that the insurer told Toyota “we have claims that we believe are the result of a product defect.”

State Farm, which said in February it was considering subrogation action, declined to comment further to National Underwriter.

Progressive, meanwhile, told the insurance publication that it’s “continuing to review claims and subrogate as necessary,” while Toyota declined to comment.

The automaker’s total payouts on insurance claims could reach $30 million, Mark Bunim, a lawyer with mediation company Closed Case, told USAToday. The federal government recently fined Toyota $16.4 million for failing to report the gas pedal issue within five days of its discovery.

Subrogation refers to an insurance company seeking reimbursement from the person or entity legally responsible for an accident after money has been paid out on behalf of the insured.


More information:

State Farm Examines Toyota Claims for Subrogation

You May Also Like

Body Bangin’: Why Follow OEM Repair Procedures?

Micki Woods interviews Logan Payne of Payne & Sons Paint & Body Shop on the importance of following OEM repair procedures.

Micki Woods, master marketer for collision repair shops and owner of Micki Woods Marketing, has released the latest episode of "Body Bangin'," the video podcast that is taking the industry by storm!

In this episode, Woods interviews Logan Payne, manager at Payne & Sons Paint & Body Shop in Dallas, Texas, from the Texas Auto Body Trade Show on why it's important to follow OEM repair procedures. Main point no. 1? Don't let the techs write the sheet — divide up the writers' job versus the old way where the estimator handled everything from beginning to end.

Body Bangin’: Getting Paid for Calibrations

Micki Woods interviews Andy Hipwell and James Rodis of OEM Calibration on how to get started doing ADAS calibrations.

Body Bangin’: What Are The Consolidators Up To With Laura Gay

Micki Woods interviews Laura Gay of Consolidation Coach on the current state of auto body shop consolidation.

Body Bangin’: The Magic of a Massive MSO with Patrick Crozat

Micki Woods interviews Patrick Crozat, the COO of G&C Auto Body, which is the largest privately-owned, family-owned auto body shop group.

Body Bangin’: Changing Your Mindset with Mike Jones

Micki Woods interviews Mike Jones of Discover Leadership Training on changing your mindset to change your life.

Other Posts

Body Bangin’: Rivian Collision Program and Insurance

Micki Woods interviews Frank Phillips, collision repair program manager of Rivian, on how Rivian’s collision program works.

Body Bangin’: Favorite Takeaways from the Southeast Conference

Live from the Southeast Collision Conference, Micki Woods does a post-show wrap-up on the Southeast Collision Conference with the SCC committee.

Body Bangin’: Overcoming Objections

Live from the Southeast Collision Conference, Micki Woods interviews Ron Reichen and Barry Dorn on overcoming objections, the talent shortage and the SCRS blend study.

Body Bangin’: Easily Find and Add Non-Included Operations

Live from the Southeast Collision Conference, Micki Woods interviews Scott Ayers on the Blueprint Optimization Tool (BOT).