Posted on 20 Dec 2012 by Neilson
The National Association of Insurance Commissioners (NAIC) today released its 2010 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 2010 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 supply data directly to the NAIC. The Florida data excludes policies written by Citizens Property Insurance Corporation, the state's insurer of last resort, and therefore is not directly comparable to those of other states.
The entire report has, among its many features, a state by state breakdown of this information.
The complete report is available for purchase through the NAIC Store.