More than 30 percent of home insurers' losses during 2005, 2006 and 2007, including catastrophes, were attributable to fire, according to a new report on causes of loss in the line, by Wheaton, Ill.-based American Association of Insurance Services.
The report indicates the percentage and average severity of losses due to property perils and liability claims incurred by carriers that report homeowners' statistical data to AAIS.
Bodily injury is the top cause of liability loss, according to the AAIS figures.
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