| Homeowners Insurance Losses, 2013-2017 (1) |
听
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Total homeowners losses |
|
Total homeowners losses |
| Year |
Claim
frequency (2) |
Claim
severity (3) |
Year |
Claim
frequency (2) |
Claim
severity (3) |
| 2013 |
4.87 |
$10,603 |
2016 |
5.12 |
$12,502 |
| 2014 |
5.23 |
11,274 |
2017 |
6.26 |
15,532 |
| 2015 |
6.04 |
11,721 |
Average (4) |
5.51 |
$12,474 |
(1) For homeowners multiple peril policies (HO-2, HO-3, HO-5 and HE-7 for North Carolina). Excludes tenants and condominium policies. Excludes Alaska, Texas and Puerto Rico.
(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, 2013-2017.
Source: ISO庐, a Verisk Analytics庐 business. |
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