The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets.
The data, intended to be collected at the ZIP code level, will help regulators assess how coverage options and deductibles affect costs and access, evaluate miti
gation efforts, monitor insurers’ financial strength, and better understand consumer awareness of insurance options, the organization said.
The deadline to submit the data is June 15. information from policy years 2018–2025 will be col
lected from insurers writing at least $50,000 in relevant premium. Requested data includes policy t
ype (home, renter, condo, and mobile home), premiums, claims and losses by peril, deductibles, c
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ancellations, non-renewals, coverage limits, replacement cost and actual cash value, and mitigation discounts.
NAIC said it plans to release a report based on the data in early 2027. The public will have an opportunity to comment before the report is finalized.
“Our state-led data call will help equip us with even more information, tools, and resources to not only speed resilience but also increase preparation before seve
re weather hits. It will also help us ensure companies have the capital they need to quickly and fully pay claims in some of consumers’ most vulnerable moments,” said F
lorida Insurance Commissioner Mike Yaworsky, who is also the chair of NAIC’s Homeowners Market Data Call Task Force. The task force will oversee the data call.