Leading insurer pays $109M for dog bite claims
Dog bites man does not get a lot of attention in the news, but it costs insurance companies hundreds of millions in claims every year.
State Farm Insurance, one of the nation's largest home insurers, paid more than $109 million on about 3,800 dog bite claims nationwide last year, spokesman Eddie Martinez said Wednesday. In 2010, there were about 3,500 claims and $90 million in payouts.
The Insurance Information Institute estimated that nearly $479 million in dog bite claims were paid by all insurance companies in 2011, spokeswoman Loretta Worters said. In 2010, it was $413 million.
It's no surprise that California -- home to more dogs and people than any other state -- led the way in 2011.
Martinez says 527 claims were filed in California and victims received $20.3 million, a jump of 31 percent over 2010.
State Farm is still working to determine reasons for the spike, Martinez said. [more]

|