Residual Market Property Plans: From Markets of Last Resort to Markets of First Choice - 2012

July 2, 2012
Residual Market Property Plans - 2012

This report by Robert Hartwig, president of the Insurance Information Institute, and Claire Wilkinson analyzes the changes taking place within the residual property market, which consists of a myriad of different programs in place across the United States to provide insurance to high-risk policyholders who may have difficulty obtaining coverage from the standard market. So called residual, shared or involuntary market programs make basic insurance coverage more readily available. The report notes the still-burgeoning growth of the market, which now has a massive total exposure to loss that is approaching $900 billion. Despite attempts by certain states to reduce the size of their plans the fact of the matter is that this market of last resort remains the market of first choice for many vulnerable, high-risk coastal properties. The report focuses on the plans in Alabama, Florida, Louisiana, Massachusetts, Mississippi, New York, North and South Carolina, and Texas.


Please click on the file name below to view the white paper in PDF format. You will need Adobe Acrobat Reader to view the file.

Download Residual Market Property Plans White Paper-2012 (PDF File)

You can download Adobe Acrobat Reader, free of charge, from the Adobe website (

Note: Printer fonts may vary by browser and version of Adobe Reader.