| |
Total homeowners
losses |
|
Total homeowners
losses |
| Year |
Claim
frequency (2) |
Claim
severity (3) |
|
Claim
frequency (2) |
Claim
severity (3) |
| 2006 |
4.98 |
$7,293 |
2009 |
5.85 |
$8,584 |
| 2007 |
4.59 |
8,668 |
2010 |
6.33 |
8,438 |
| 2008 |
6.60 |
7,967 |
Average (4) |
5.69 |
8,203 |
(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, 2006-2010.
Source: ISO, a Verisk Analytics company. |