|
Total homeowners
losses |
|
Total homeowners
losses |
Year |
Claim
frequency (2) |
Claim
severity (3) |
|
Claim
frequency (2) |
Claim
severity (3) |
2005 |
5.74 |
$8,705 |
2008 |
6.84 |
$7,560 |
2006 |
5.19 |
6,862 |
2009 |
6.02 |
8,116 |
2007 |
4.86 |
8,117 |
Average (4) |
5.73 |
7,876 |
(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, 2005-2009.
Source: ISO, a Verisk Analytics company. |