Family dogs contribute to financial collapse
Rocky just learned that “man’s best friend” is being blamed for contributing to insurance giant AIG’s collapse, as well as the skyrocketing cost of health care.
The Insurance Information Institute reports that dog bites represented a third of all homeowner insurance liability claims in 2008, and cost insurers $387.2 million, up 8.7% from 2007.
“In the last year, the number of claims rose nearly 9% from 14,531 to 15,823. More than 4.5 million Americans are bitten by dogs each year, with nearly 900,000 requiring medical care, according to the Centers for Disease Control and Prevention. In 2006, more than 31,000 victims required reconstructive surgery.”
Click here for the Insurance Information Institute report entitled “Avoid Being Bitten By A Lawsuit By Being a Responsible Dog Owner:” http://www.iii.org/Press_Releases/Avoid-Being-Bitten-With-a-Lawsuit-by-Being-a-Responsible-Dog-Owner.html
[Disclosure: Rocky lives in a state where repeat Felons face a “three-strike-and-you’re out,” mandatory life sentence. His state also has a “One-Bite Rule”where the owner is not liable for the first bite, but is fully liable for the second. Rocky believes that the Criminal and Dog Laws should be harmonized … so either wayward dogs get three bites or repeat felons only get two. Accordingly, Rocky hopes Congress convenes a special Committee on Canine Culpability. ]