The Cost of Fido's Bite? Dog Insurance Claims Climb 16%: Chart

The average insurance claim for dog bites in the U.S. increased to $37,214 in 2015, according to a statement Wednesday from the Insurance Information Institute. That pushed costs for the industry to more than $570 million for the year, even as the number of claims declined. Higher medical expenses and larger legal settlements fueled the increase.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.