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, 2011-2015 (1)

($000)

Year Incurred losses
2011 $50,709,943
2012 41,108,969
2013 35,487,328
2014 39,918,047
2015 41,237,535

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

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Incurred Losses For Commercial Insurance, 2011-2015 (1)

($000)

Year Incurred losses
2011 $129,993,492
2012 126,836,022
2013 110,431,560
2014 116,775,590
2015 117,588,580

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

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

View Archived Tables