Rockford Mutual News
Tuesday, October 9, 2012
Study: Homeowners Claim Costs Rising as Both Frequency and Severity Increase
By
Phil Gusman, PropertyCasualty360.com
September 26, 2012
Increases in claim severity and, more recently, frequency are responsible for a 7.4 percent annualized rate of increase in homeowners claims costs from 1997 to 2011, the Insurance Research Council says in a new study.
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