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Texas Homeowners' Combined Loss & Expense Ratio Estimated at 165.0

Texas / South Central News • March 24, 2009
The Texas Department of Insurance released the "Texas Homeowners Insurance Loss Data 1992-2008" report, which shows an estimated incurred loss ratio for 2008 at a record high of 127.0, and a ...

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Subject: RE: RE: RE: Rate Hike?

Posted On: March 25, 2009, 9:02 am CDT
Posted By: Ratemaker
Comment:
65% may be a stretch... A good portion of those losses would be from Hurricane Ike. My company doesn't write in Texas, so I can't comment on what portion. You don't expect an event like that every year.

Most insurers use 3-5 years of non-catastrophe data to set a basic rate, then load in a catastrophe charge based on a longer time frame or a cat model. 20-year average catastrophe losses used to be the standard.

Rate indications should increase after incorporating the 2008 and Ike data, but a 65% hike would probably be excessive.
Subject Posted By Posted On
RE: RE: RE: Rate Hike? Ratemaker
Mar 25, 2009, 9:02 am
RE: RE: RE: Rate Hike? K Washburn
Mar 24, 2009, 4:22 pm
RE: RE: RE: Rate Hike? okt0ber
Mar 24, 2009, 4:22 pm
RE: RE: Rate Hike? H Simpson
Mar 24, 2009, 3:11 pm
RE: Rate Hike? Agent
Mar 24, 2009, 1:31 pm
Rate Hike? Safety Guy
Mar 24, 2009, 1:27 pm
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