Nationwide Effort to Examine Insurance Trends

Florida is among the states collecting detailed insurer data on claims, cancellations and policies to give officials a clearer view of coverage trends.

WASHINGTON — Insurance regulators are launching a nationwide effort to collect detailed data from homeowners insurers, aiming to better understand rising costs, coverage gaps and market instability.

The initiative, led by the National Association of Insurance Commissioners (NAIC), will require insurers writing at least $50,000 in homeowners insurance premiums to submit years of data on claims, cancellations and policies in force. The information is expected to be reported at a granular level, in some cases by ZIP code, giving regulators a clearer view of how conditions vary across communities.

“State insurance regulators are on the frontlines of consumer protection,” said Florida Insurance Commissioner and NAIC Homeowners Market Data Call Task Force Chair Mike Yaworsky. “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 severe 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.”

The data call comes as homeowners insurance markets across the country face mounting pressure from severe weather, higher rebuilding costs and shifting risk models. In Florida, property insurance costs have become a major factor in home purchases, and Florida Realtors® has long supported legislative efforts aimed at stabilizing the state’s insurance market. A recent analysis by the Perryman Group found legislative tort reforms passed in 2022 and 2023 prevented Florida property and casualty insurance premiums from rising an average of 14.5% and spurred economic growth across the state.

Regulators say the expanded data collection will help identify where coverage is becoming less available, how often policies are being canceled or not renewed and how claims trends differ by region. The effort also includes information on mitigation discounts, such as those tied to storm-hardening improvements.

The 2026 data call is broader than prior efforts, capturing multiple years of information to track trends over time. Insurers meeting minimum premium thresholds in participating states will be required to report.

Officials say the findings will be used to guide policy decisions and improve oversight of the homeowners insurance market. Regulators plan to release a public report in early 2027.

Source: NAIC

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