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The Daily cover image

The Possible Collapse of the U.S. Home Insurance System

The Daily

NOTE

The Significance of Combined Ratio in Assessing Insurance Market Health

The combined ratio, a key metric in the insurance industry, indicates the ratio of revenue to costs for homeowners insurance companies. A positive ratio is desirable, while a negative one signifies trouble. By analyzing this ratio for every state over more than a decade, it was revealed that market turmoil observed in Florida and California has been spreading nationwide. Surprisingly, in 18 states, the homeowners insurance market incurred losses in the previous year.

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