Authors of the 2019 LexisNexis Home Trends Report examine trends by peril and developments in underwriting, claims, expense management, technology and other factors important to homeowners writers.
New ways of gathering and processing data is allowing insurers to go beyond one-off decisions.
Some trends are favorable for homeowners insurers, but not all.
Auto insurers were the earliest adopters of data analytics, but homeowner carriers are quickly catching up.
Younger homeowners have shown some surprising changes in frequency of shopping for homeowners insurance.
Non-weather-related water damage patterns vary by region, as do claims from theft.