| HOMEOWNERS INSURANCE LOSSES, 2008-2012 (1) |
|
| |
Total homeowners
losses |
|
Total homeowners
losses |
| Year |
Claim
frequency (2) |
Claim
severity (3) |
Year |
Claim
frequency (2) |
Claim
severity (3) |
| 2008 |
6.88 |
$7,789 |
2011 |
9.71 |
$8,424 |
| 2009 |
6.10 |
8,400 |
2012 |
7.22 |
8,665 |
| 2010 |
6.63 |
8,584 |
Average (4) |
7.32 |
$8,384 |
(1) For homeowners multiple peril policies. Excludes tenants and condominium policies.
(2) Claims per 100 house years (policies).
(3) Average amount paid per claim; based on accident year incurred losses, excluding loss adjustment expenses, i.e., indemnity costs per accident year incurred claims.
(4) Weighted average, 2008-2012.
Source: ISO®, a Verisk Analytics® company. |
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