Insurers Sue Toyota Over Acceleration Claims Costs .
By MIKE RAMSEY
DETROIT–Seven insurance companies have filed lawsuits against Toyota Motor Corp. seeking a minimum of $230,000 to cover the cost of claims paid for accidents related to the unintended acceleration problems identified in Toyota vehicles in the past several years
The insurers filed separate but identical complaints Dec. 30 in Los Angeles County Superior Court, claiming that defects in Toyota vehicles were the cause of the crashes. "Certain of Toyota's cars and trucks have a defect that causes sudden, uncontrolled acceleration to speeds of up to 100 miles per hour or more," the complaints allege. "This defect is combined with the operator's inability to stop the vehicle during such an incidence due to defective electronics and the absence of a fail-safe, such as a brake-override system."
The lawsuits are similar to one filed by Allstate Corp. three months ago in the same court seeking $3 million in damages. The litigants are American Hardware Mutual Insurance Co., Fireman's Fund Insurance Co., National Surety Corp., American Automobile Insurance Co., Ameriprise Insurance Co., Motorists Mutual Insurance Co. and IDS Property Casualty Insurance Co.
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http://online.wsj.com/article/SB10001424052748704723104576061832001057852.html>The Toyotabots can't blame Obama and the American government for this!