Homeowners and Renters Insurance stats

In 2014, 5.3 percent of insured homes had a claim, according to ISO. Property damage, including theft, accounted for 97.3 percent of those claims. Changes in the percentage of each type of homeowners loss from one year to another are partially influenced by large fluctuations in the number and severity of weather-related events such as hurricanes and winter storms. There are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average amount paid for each claim (severity).

On average, over the past nine years about half of homeowners said they prepared an inventory of their possessions to help document losses for their insurers, according to polls conducted for the Insurance Information Institute (I.I.I.). Fifty-two percent of homeowners said they had an inventory in a June 2015 I.I.I. survey.

More from the Insurance Information Institute

Completion of 2012 Economic Census Geographic Area Series: Finance and Insurance

The 2012 Economic Census concludes the Geographic Area Series for the finance and insurance sector. This series includes statistics for monetary authorities; credit intermediation and related activities; securities, commodity contracts and other financial investments; and insurance carriers. The files provide statistics on the number of establishments, revenue, payroll, number of employees and other data items by industry. 

The Geographic Area Series provides data at a U.S. summary level as well as an economic place level; other geographies included are states, combined statistical areas, metropolitan statistical areas and counties.

Health Insurance in Small Firms: Availability, Coverage, and the Effect of Tax Incentives

A new study by the Office of Advocacy investigates health care coverage provided by small firms and the effects of state and federal tax incentives on health insurance availability. States have tried a variety of approaches to improve health plan coverage, particularly health insurance offered by small businesses. The study finds that most existing state tax incentive programs apply to a narrow class of employers. The increase in the federal self-employed health insurance tax deduction in 2003 did create an incentive for some self-employed individuals to purchase health insurance. In 2007, it was estimated that small employers deducted approximately $53.8 billion for health insurance benefits.

The research summary can be found HERE [PDF].

Should you need further information, please feel free to contact Joe Sobota at (202) 205-6533 or advocacy@sba.gov.

NEW: Transportation and finance

Data for the state(s) and Economic Census Sector(s) listed below have recently been released on the Census Bureau's American FactFinder web site.
• NAICS sector 48-49, Transportation and warehousing Get Data
o New York (Released 07/09/2010)
• NAICS sector 52, Finance and insurance Get Data
o New York (Released 07/09/2010)
To access selected key data for these states/sectors in the Economy-Wide Key Statistics data file, click here.