Home Insurance industry news and insights

It’s Fix a Leak Week: Connect with Your Policyholders to Reduce Risk of Water Damage!

Written by: George Hosfield, Senior Director, Home Insurance

Drip. Drip. Drip. It’s more than an annoying sound. It’s the sound of more than one trillion gallons of water wasted through leaks in American households. Most homeowners’ insurance policies cover unexpected water damage due to a plumbing malfu...

Disrupting fire risk underwriting with a data-driven solution

Written by: Kelly Rush, Director, Home Solutions

A few facts to consider: fires account for 28% of non-catastrophic home insurance losses, but fewer than 3% of all homeowner claims. And when fires do happen, the average loss is more than $66,000. Unlike other types of homeowner losses, fire loss...

2018 Home Trends Report: Insurance Industry Sees Decline in Non-Weather Related Claims

Written by: George Hosfield, Senior Director, Home Insurance

While weather related claims are the most common insurance claims for homeowners, The 2018 LexisNexis® Home Trends Report indicates that non-weather events such as burst water pipes, fires (from appliance failures or electrical problems), and other ...

2018 Home Trends Report: Catastrophic Losses in 2017 Contribute to Sharp Increase in Peril Loss Costs

Written by: George Hosfield, Senior Director, Home Insurance

The 2018 LexisNexis® Home Trends Report reveals the impact of 2017 extreme weather events in the US on catastrophic losses and weather-related perils. According to findings, 2017’s extreme weather, including Hurricanes Harvey and Irma, increased t...

2018 Home Trends Report: By-Peril Trends in the U.S. Home Insurance Industry

Written by: George Hosfield, Senior Director, Home Insurance

According to data from the National Oceanic and Atmospheric Administration, 2017 was the costliest year on record regarding natural disasters in the United States. In August, Hurricane Harvey broke the rainfall record for a single tropical storm. C...

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