LexisNexis® Risk Solutions Home Trends Report

Your source for the leading economic home insurance trends by peril - for severity, frequency and location across the U.S.
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Did Your By-Peril Loss Costs Increase or Decrease Last Year?

All peril loss cost in 2019 decreased by 13% compared to the year before. 

The 2020 LexisNexis® Home Trends Report report provides an updated view of by-peril trends in the U.S. home insurance industry to help carriers make more informed business decisions. This year’s report is the fifth in a series of industry claims reports tracking property exposures and losses from 2014-2019.

Reduced loss cost across all perils in 2019 was a welcome relief after significantly higher levels in the previous two years. Catastrophic claims costs from wind, fire and lightning dropped 32% over 2018. While severe wildfires, hurricanes, hailstorms and flooding did hit some states with devastating consequences, severity and frequency were lower across all perils than in 2017 and 2018.

Benchmark your book of business across seasons, locations and specific weather events with LexisNexis® Home Trends Report.

Report highlights:

  • Fire and Lightning loss cost decreased by 37%—a sharp drop since 2018.
  • Weather-Related Water severity increased, with 2019 ranking as the second wettest year on record.
  • 90% of the catastrophe losses in 2019 resulted from Hail and Wind perils.
All data in this report is sourced from internal LexisNexis® Risk Solutions proprietary data sources and represents between 87 and 89 million houses in every U.S. state and Washington DC between 2014 - 2019.

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