The pests account for 21% of liability claims, insurance provider Allianz Global Corporate & Specialty reported.<\/p>\n
Animal incidents, including biting bed bugs, are a leading driver of insurance claims and losses can be significant, says global insurance company Allianz Global Corporate & Specialty (AGCS) in a new report, Global Claims Review: Liability in Focus.<\/p>\n
AGCS analyzed more than 1,800 animal-related liability insurance claims that occurred between 2011 and 2016 on which it was a named insurer (either primary or excess). The top cause of such claims was deer incidents (58%, or 1,090 claims) which largely involve collisions with vehicles, which caused losses on average in excess of ($4,225) over this period. In many locations in the US, such accidents are a major concern that may lead to vehicle debilitation, property damage, bodily injuries or even passenger deaths. The peak period is during the rutting season, usually in October and November. <\/p>\n
Bed bug bites\/infestation (21%, or 397 total claims) was the second top cause of animal-related liability claims according to the AGCS study, followed by insect bites\/infestation (8%, or 147 claims) at third place. <\/p>\n
The number of bed bug incidents is on particular rise in the U.S., according to the Bedbug Registry, a nationwide database of bed bug reports and complaints. According to the database, bed bug sightings in New York hotels alone jumped more than 44% between 2014 and 2015. <\/p>\n
This trend is reflected more widely in the AGCS report, which reveals a gradual increase in the number of related claims received over the past five years. While bed bugs are found year-round, infestations and incidents peak during the warmer months of the year April to August. The number of claims, for example, received in May are double those received in February. <\/p>\n
Dog-related incidents ranging from bites to mauling (6%, or 114 claims) was the fourth highest cause of animal-related liability claims, according to the report, followed by incidents with cattle caused by charging, bumping and other accidents (4%, or 82 claims). <\/p>\n
Other unusual animal-related liability claims include a hotel guest whose room was invaded by a flying squirrel, another whose hearing aid and slippers were chewed and destroyed by a rodent and at least two people who were attacked by aggressive peacocks. <\/p>\n
Animal-related claims comprised almost 2% of the 100,000 claims investigated in the report, making these the eighth top cause of loss, based on number of claims received by insurers.<\/p>\n
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See the article here: The pests account for 21% of liability claims, insurance provider Allianz Global Corporate & Specialty reported. Animal incidents, including biting bed bugs, are a leading driver of insurance claims and losses can be significant, says global insurance company Allianz Global Corporate & Specialty (AGCS) in a new report, Global Claims Review: Liability in Focus. Continue reading
\nBed Bugs Becoming a Leading Driver of Insurance Claims, AGCS ... - PCT Magazine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"