Auto Injury Claims Increasing Faster than Inflation Rate

In 2012, PIP claims reached an annualized $14,207 per claimant, Insurance Research Council says, despite decreasing severity of injuries.

INN Breaking News, March 10, 2014

Chris McMahon

Medical expenses reported by auto injury claimants are rising faster than the inflation rate, despite the severity of the injuries decreasing, according to “Auto Injury Insurance Claims: Countrywide Patterns in Treatment, Cost and Compensation, 2014 Edition,” from the Insurance Research Council.

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