Experts: Automakers' insurance rates may not be affected by recalls

05/16/2013 | PropertyCasualty360

Insurance rates for vehicle manufacturers are unlikely to be affected by recent recalls, according to experts. "Recall coverage is available, but it's not widely purchased by any major auto manufacturer. The auto industry has a certain number of recalls every year and risk management procedures to deal with them, so as long as they don't involve an inordinate amount of vehicles or injuries, this wouldn't materially influence insurance programs," said Insurance Information Institute President Robert Hartwig.

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