HOMEOWNERS INSURANCE LOSSES, 2003-2007 (1)
  Total homeowner losses
Year Claim frequency (2) Claim severity (3)
2003 7.08 $5,316
2004 6.59 8,105
2005 5.62 8,695
2006 5.19 6,982
2007 4.83 8,117
Average (4) 5.84 7,368

(1) For homeowners multiple peril policies. Excludes tenants and condominium policies.
(2) Claims per 100 house years (policies).
(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, 2003-2007.

Source: ISO.