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

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Select Hyundai, Kia models have high fire insurance claim rates

HLDI research points to an increased risk of fire for turbocharged engines generally, across brands.

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Earlier in January, the South Korean brands announced they would recall about 168,000 vehicles to fix a fuel pipe problem that can cause fires, The Associated Press (AP) reported. In January, the South Korean brands announced they would recall about 168,000 vehicles to fix a fuel pipe problem that can cause fires, The Associated Press reported. (Photo: Daniel Acker/Bloomberg)

Owners of select models of Hyundai and Kia file fire insurance claims at a rate far higher than the average for comparable vehicles, the Highway Loss Data Institute (HLDI) reports.

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Denny Jacob

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.

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