Construction Industry

THE INSURANCE INDUSTRY’S CONTRIBUTION TO THE CONSTRUCTION INDUSTRY

The construction industry benefits from claims filed under homeowners and commercial property insurance policies.

INCURRED LOSSES FOR HOMEOWNERS INSURANCE, 2010-2014 (1)

($000)

Year Incurred losses
2010 $39,624,349
2011 50,533,661
2012 40,957,195
2013 35,203,377
2014 39,835,789

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

View Archived Tables

INCURRED LOSSES FOR COMMERCIAL INSURANCE, 2010-2014 (1)

($000)

Year Incurred losses
2010 $112,665,236
2011 130,185,072
2012 126,970,243
2013 110,875,460
2014 117,057,532

 (1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

View Archived Tables