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HOW
MUCH COMPENSATION DOES MIB PAY?
In 1975, the first year
of its operation the Bureau paid compensation totaling $14,100
for 5 claims. In 1998 the Bureau paid compensation of $694,319
for 21 claims. Total compensation paid from 1975 to 1998 amounts
to about $15.7 million involving 603 claims. From 1975-1998
"Insurers Concerned" have settled 303 claims titling
about $7.8 million.
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