AIDS Costs Rise to Insurers: AIDS-related claims...

AIDS Costs Rise to Insurers: AIDS-related claims cost the life and health insurance industries nearly $1.6 billion in 1994, according to a new survey. Since 1986, claims involving AIDS have increased more than 400%, totaling an estimated $9.4 billion, said the survey by the American Council of Life Insurance and the Health Insurance Assn. of America. Four major insurance product lines were examined to assess the effects the growing incidence of AIDS is having on insurance claims: individual life, group life, individual accident and health, and group accident and health. Overall, payments in these four areas rose 4.5% in 1994 over previous years’ figures.