Animal-Related Business Liability Claims On The Rise

Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by insurer Allianz SE. U.S. claims involving bedbugs increased 50 percent between 2014 and 2015, from 66 to 99, according to Allianz. The insurer has already counted 70 bedbug claims through September 2016, heading for a total that could surpass the previous year’s, said Larry Crotser, the chief claims officer for the insurer’s Allianz Global Corporate & Specialty unit.