Cost of Auto Injury Claims Continues to Outpace Inflation; Attorney Involvement Increases
A new study from the
The study also highlighted the increased presence of attorneys in auto injury claims. In 2017, 52 percent of BI claimants hired attorneys, compared with 49 percent in 2007 and 50 percent in 2012. Among personal injury protection (PIP) claims, attorney involvement rose to 39 percent in 2017, up from 32 percent in 2007 and 36 percent in 2012. Attorney involvement was associated with higher utilization rates for chiropractic treatment, physical therapy and expensive diagnostic procedures such as MRIs and CTs, even when comparing claimants with similar injuries.
"By documenting trends in injuries, treatment and attorney involvement, this study provides significant insight into what drives the cost of auto injury insurance," said
The report, Countrywide Patterns in Auto Injury Insurance Claims: 2018 Edition, summarizes findings from a collection of information from more than 80,000 claims closed with payment in 2017 under the five principle private passenger auto injury coverages. The study continues decades of IRC research on auto insurance claims, documenting trends in injuries, medical treatment, attorney involvement and claim settlement. Participating insurers represented 50 percent of
For more information on the study's methodology and findings, contact
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Read the full story at http://www.prweb.com/releases/2018/04/prweb15417159.htm
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