The total cost of administrative and/or medical services divided by the number of units of exposure (e.g., costs divided by number of admissions, cost divided by number of outpatient claims, etc.).
And the average cost per claim for injuries inflicted by man's best friend was $37,214 in 2015, up 16% from the prior year, according to the Insurance Information Institute and State Farm.
The average cost per claim, however, has plummeted, from $37,283 in 2000, to $9,549 in 2001, to $8,746 in 2002, to $4,236 in 2003 and a stunning $2,088 last year.
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