NAIC Releases Annual Homeowners Insurance Report
Source: National Association of Insurance Commissioners (NAIC)

The National Association of Insurance Commissioners (NAIC) today released its 2005 Homeowners Insurance Report, providing data on market distribution and average cost by policy form and amount of insurance.

The report includes countrywide and state–specific premium and exposure information for non–commercial dwelling fire insurance and for homeowners insurance package policies. It also contains descriptions of the data and a discussion about the way certain economic, demographic and natural phenomena impact the price of homeowners insurance.

The data in the report includes written exposures (earned house years) and aggregate written premiums by state and countrywide for the 2005 data year. It contains three tables that show individual state and countrywide exposures by policy type, individual policy form, as well as amount of insurance coverage, which is divided into ranges with percentages of total exposures provided for each range.

Data from the report was collected from insurance statistical agents for all states except Texas and California, both of which directly supply data to the NAIC. The Florida data excludes policies written by Citizen’s Property Insurance Corporation, the state’s insurer of last resort, and therefore are not directly comparable to those of other states.

+ Report highlights (PDF; 727 KB)

Full report available for purchase

This entry was posted on Wednesday, December 26th, 2007 at 5:00 pm and is filed under Business and economics, Consumer issues, Housing and real estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.