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Insurers’ costs over dog bites surge

Insurers’ costs over dog bites surge

Insurers’ costs over dog bites surge
News from Chicago Tribune:

(Ethan Hyman, McClatchy…)

May 28, 2012|Tribune news services

U.S. insurers’ costs tied to dog bites surged last year to a record as the price of the average claim jumped 12 percent on higher medical fees, legal settlements and jury awards.

Bites cost the industry $ 478.9million last year, compared with $ 412.6million in 2010, according to the Insurance Information Institute. An analysis of homeowners insurance data found that the average claim increased to $ 29,396, up 12.3 percent from $ 26,166 in 2010, the institute said.

Attacks account for more than one-third of all liability payouts from home insurers, an industry led by policyholder-owned State Farm Mu…………… continues on Chicago Tribune

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