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How’s homeowners? New analysis of Verisk data reveals key trends

Based on an early look at 2021 data, insurers writing homeowners on the East Coast, particularly New England, outperformed the national average loss ratio, according to an analysis of insurance data reported to Verisk and published in our new report, Executive Insights: Homeowners.1 The report offers a snapshot of the state of homeowners insurance, seen through the unique prism of Verisk’s expert analysis and proprietary data, including billions of granular statistical records from homeowners insurers across the U.S.

Executive Insights

The view from the states

States with worse-than-average loss ratios were scattered more or less uniformly across the United States, according to Verisk data.

Louisiana was particularly hard hit—a one-two punch of extreme weather in the first quarter and Hurricane Ida in the third quarter drove losses substantially higher than the national average. Hurricane Ida was also responsible for losses in states like New Jersey and New York, with Verisk data indicating total losses from Ida could reach $25 billion.

The unique prism of Verisk data

For insurers looking for data-driven insights into the homeowners market, Executive Insights: Homeowners offers:

  • A breakdown of key performance metrics, including industry-wide loss ratios, frequency, and severity, with breakdowns by property type
  • A loss ratio comparison by state
  • A look at how deductibles and rates have shifted over the past five years
  • A view of how catastrophe and non-catastrophe perils are contributing to losses including pandemic impacts
  • A countrywide examination of how exposures are shifting across the United States
  • Highlights of some of the key emerging risks facing homeowners insurers

Download your copy of Executive Insights: Homeowners.

Emily Graetzer

Emily Graetzer is assistant vice president, custom insights, underwriting solutions at Verisk. Emily can be reached at

Sandra Maples

Sandra Maples is director of product management, custom insights, underwriting solutions at Verisk. Sandra can be reached at

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  1. 2021 data is preliminary and is subject to change. Losses are undeveloped and evaluated as of December 31, 2021.

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