State Regulators Launch Major Data Collection to Assess Property Insurance Availability and Affordability
• State insurance regulators issued a data call to over 400 property insurers to understand insurance markets covering over 80% of the U.S. market.
• The data call aims to give regulators insights into property insurance costs, coverages, and protection gaps amid natural disasters and cost pressures.
• The data call was developed collaboratively by state regulators to address homeowners insurance availability and affordability issues.
• The data collected includes over 70 data points on premiums, claims, losses, deductibles, non-renewals, etc. at the ZIP code level.
• The data call is part of a long-term strategy to assess property insurance market health and competitiveness to ensure consumer access.