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

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There are 46 million recalled Takata inflators in 29 million vehicles in the U.S., according to the National Highway Traffic Safety Administration. (AP Photo/Shizuo Kambayashi, File)

(Bloomberg) – Three Takata Corp. executives were accused in a U.S. indictment of misleading federal regulators, consumers and car manufacturers about the company’s faulty air bags as part of a years-long scheme that led to the biggest recall in history.

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