A Firm Foundation: How Insurance Supports the Economy

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