Lessons from the Texas Homeowners Insurance Crisis Bob Puelz ...

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"Combined" Ratio $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 Source: Texas Department of Insurance Figure 2 Top 5 Homeowners Insurance Entities (by Premiums Written) 1996 1997 1998 1999 2000 2001 Year 26 State Farm Lloyds Allstate Texas Lloyds Farmers Insurance Exchange Fire Insurance Exchange USAA
(1) Table 4 Source: TDI Source: Statutory Page 14: Source: Statutory Page 14 Year Losses Paid Direct Losses Paid Direct Losses Incurred 1996 1,353,705,211 $1,391,013,902 $1,382,897,123 1997 1,099,907,113 $1,138,054,841 $1,118,004,785 1998 1,161,552,262 $1,191,922,988 $1,194,948,538 1999 1,349,008,422 $1,380,488,021 $1,421,627,819 2000 2,210,066,294 $2,293,972,741 $2,431,007,220 2001 2,879,769,083 $2,992,111,146 $3,648,017,214 Source: Texas Department of Insurance 27 (2) (3)
Page 1 and 2: Lessons from the Texas Homeowners I
Page 3 and 4: I. Introduction Lessons from the Te
Page 5 and 6: Illinois with company-level data to
Page 7 and 8: [Table 1 about here] might have bee
Page 9 and 10: with the NAIC, and were sourced for
Page 11 and 12: To further explore the Texas settin
Page 13 and 14: amounts are summarized in Table 4.
Page 15 and 16: [Figure 4 about here] One glimpse i
Page 17 and 18: the average household size of an oc
Page 19 and 20: units that have been classified as
Page 21 and 22: as equations in levels. The Hansen
Page 23 and 24: while variations in perils help exp
Page 26 and 27: Table 1 Texas Homeowners Premiums W
Page 30 and 31: Table 5 Texas Statewide Homeowners
Page 32 and 33: 35% 30% 25% 20% 15% 10% 5% 0% 60% 5
Page 34 and 35: Cumulative % of Texas Counties 100%
Page 36 and 37: Table 7 GMM Estimates of Empirical
Page 38: Harrington, Scott E. and Greg Nieha

Lessons from the Texas Homeowners Insurance Crisis Bob Puelz ...

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