Canadian Underwriter

Keyword
air bag inflators

News InsuranceLegalPersonal LinesTechnology

Air bag maker Takata bankruptcy expected Monday in Japan, U.S.

June 26, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was done in by defective air bag inflators

News InsuranceLegalMarkets / Coverages

Experts: Takata bankruptcy means air bag victims get less

June 20, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and

News InsuranceLegalPersonal LinesTechnology

Dangerous air bags can find their way into used cars, experts say

April 19, 2017 Tom Krisher and Ken Ritter - THE ASSOCIATED PRESS

LAS VEGAS – A Nevada crash that nearly killed a young woman has exposed a hole in the government’s efforts to get dangerous Takata air bag inflators off the road: There’s nothing that prevents the devices from being taken from

News InsuranceLegalPersonal Lines

Takata pleads guilty in air bag scandal, agrees to pay $1B

February 28, 2017 Tom Krisher and Ed White - THE ASSOCIATED PRESS

DETROIT – Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S. The

News InsuranceLegalPersonal Lines

Three Takata workers indicted, accused of hiding air bag defects

January 13, 2017 Tom Krisher, Dee-Ann Durbin and Ed White - THE ASSOCIATED PRESS

DETROIT – A federal grand jury in Detroit has indicted three former employees of Takata Corp., charging them with concealing deadly defects in the Japanese company’s automotive air bag inflators. The indictments on six counts of conspiracy and wire fraud

News InsurancePersonal LinesTechnology

Takata troubles worsen as truck explodes, kills Texas woman

August 30, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Air bag maker Takata Corp.’s troubles worsened Monday as the company confirmed that a truck carrying its inflators and a volatile chemical exploded last week in a Texas border town, killing a woman and injuring four others. The

News InsurancePersonal Lines

7 automakers add 4.4M vehicles to Takata recall

June 2, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Seven automakers are adding nearly 4.4 million vehicles in the U.S. to the massive Takata air bag inflator recall. Documents detailing recalls by General Motors, Volkswagen, Ford, Daimler Vans, BMW, Jaguar-Land Rover and Mercedes-Benz were posted Thursday by

News InsurancePersonal LinesTechnology

8 automakers recall over 12M vehicles for Takata air bags

May 27, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. Documents detailing recalls by Honda, Fiat Chrysler, Toyota, Mazda, Nissan, Subaru, Ferrari and Mitsubishi were posted Friday by

News InsuranceLegalPersonal LinesTechnology

Air bag inflator recall to grow by 35 million to 40 million

May 5, 2016 Tom Krisher and Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – Takata will recall another 35 million to 40 million air bag inflators, a stunning increase that will more than double what is already the largest automotive recall in American history, the federal government announced Wednesday. The recall expansion