Mid-America Catastrophe Services

Toyota seeks to settle acceleration case for $1.1 billion

 Thursday, December 27, 2012


Toyota Motor Corp has agreed to spend $1.1 billion to settle sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker seeks to move past the biggest safety crisis in its history. Shares of Toyota rose nearly 3 percent in Tokyo following the news, with some investors saying the settlement removed one uncertainty for the company and looked manageable given its improving sales outlook and a weaker yen. The proposed settlement will compensate customers for economic losses related to possible safety defects in Toyota vehicles, covering most of the litigation involving unintended acceleration, although it does not cover claims for wrongful death or injuries.

Toyota Nears $1 Billion Deal to End Probe

 Tuesday, February 11, 2014

 The Wall Street Journal

Toyota Faces First Trial Over Acceleration-Linked Death

 Thursday, August 8, 2013


Toyota Finalizes $29 Million Multi-State Settlement Over Acceleration

 Friday, February 15, 2013

 Insurance Journal

Toyota: Acceleration Complaints Drop 80%

 Thursday, October 7, 2010

 Insurance Journal

Allstate sues Toyota over acceleration claims

 Tuesday, October 5, 2010