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Product recalls are costing companies and insurers billions, and the numbers are expected to increase.

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Toyota is recalling 1.43 million vehicles globally for defective air bags that aren’t part of the massive recalls of Takata air bags. (AP Photo/David Zalubowski)

(Bloomberg) – Toyota Motor Corp. said it’s recalling about 3.4 million vehicles to repair separate flaws involving leaky fuel tanks and curtain air-bag inflators that may crack and injure occupants.

Instant InsightsProduct liability & recall insurance for businesses

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