National Association of Insurance Commissioners (NAIC) Publishes Annual Homeowners Insurance Report
Jan 22, 2015
The National Association of Insurance Commissioners (“NAIC”) released its 2012 Homeowners Insurance Report on January 20, 2015. It provides data on market distribution and average cost by policy form and insurance amount.
It also includes national and state-specific premium and exposure information for non-commercial dwelling fire insurance, as well as for homeowners insurance package policies. It contains data descriptions and a discussion about the way certain economic, demographic and natural phenomena impact the price of homeowners insurance.
The report data shows written exposure (earned house years) and aggregate written premiums by state and countrywide for the 2012 data year. It contains three tables that show state and countrywide exposures by policy type, individual policy form, as well as insurance coverage amount, which is divided into ranges with total exposure percentages provided for each range.
To create the report, state-by-state data was collected from insurance statistical agents for all states except Texas and California, both of which supply data directly to the NAIC. Some data from residual market mechanisms are now included.
Click here to view the complete report.
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