Extreme weather events, rising costs and changing population centers continue to challenge the profitability of home insurance carriers. Carriers who rely strictly on their own data may find it difficult to understand their true performance in the marketplace.
LexisNexis® Risk Solutions publishes an annual report that provides insights about loss cost, frequency, and severity across eight different perils: wind, hail, fire and lightning, weather-related claims, non-weather-related claims, theft, liability, and all perils claims. This year’s report, which is based on property exposures and losses for the seven-year period ranging from 2015 through 2021, shows a steady trend of increasing loss cost and frequency across most perils.
Aggregated trend data provides context and perspective to help carriers make more accurate cost forecasts and better business decisions. Download the most recent report today to see these insights and more:
All data in this report is sourced from internal LexisNexis® Risk Solutions proprietary data sources and represents between 88 and 91 million houses in every U.S. state and Washington DC.