Liability Risk and Insurance
One in four accidents result in bodily injury claim
More than one in four US auto accidents resulted in bodily injury liability (BI) claims in 2003, according to a recent study
by the Insurance Research Council (IRC). The study, “Trends in Auto Injury Claims, 2004 Edition,” reveals that BI claim rates
have remained high even though IRC research suggests that auto accident rates and the seriousness of auto injuries have decreased
in recent years.