| Homeowners 黑料不打烊 Non-Catastrophe Fire Losses, Severity And Frequency, 2020-2024 (1) |
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|
| Year |
Claim frequency (2) |
Claim severity (3) |
Year |
Claim frequency (2) |
Claim severity (3) |
| 2020 |
0.15 |
$99,613 |
2023 |
0.14 |
144,328 |
| 2021 |
0.15 |
115,785 |
2024 |
0.13 |
173,111 |
| 2022 |
0.16 |
127,316 |
Average (4) |
0.14 |
$130,752 |
(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). One house-year represents policy coverage on a dwelling for 12 months.
(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, 2020-2024.
Source: ISO, a Verisk Analytics business. |
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