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LexisNexis U.S. Home Insurance Trends Report Highlights Rising Peril Severity as Catastrophic Claims Hit Seven-Year High
LexisNexis® Risk Solutions today released its 10th annual LexisNexis U.S. Home Trends Report, providing an updated analysis of by-peril claims trends in the U.S. home insurance industry to help carriers make more informed, strategic decisions. Examining loss cost and claims frequency and severity, the report also offers insights into seasonality shifts, catastrophic claims and geographic patterns, including trends by U.S. state.
About this update from Relx Plc
[{"type":"text","content":"2025 report underscores the combined impact of hurricanes, hail and flooding as severity and loss costs continue to climb ","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, Oct. 23, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions today released its 10th annual LexisNexis U.S. Home Trends Report, providing an updated analysis of by-peril claims trends in the U.S. home insurance industry to help carriers make more informed, strategic decisions. Examining loss cost and claims frequency and severity, the report also offers insights into seasonality shifts, catastrophic claims and geographic patterns, including trends by U.S. state.","length":481,"tagName":"p"},{"type":"image","alt":"Highest Loss Cost Peril by State","displaySize":"","headline":null,"caption":"Highest Loss Cost Peril by State","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":273,"url":"https://media.zenfs.com/en/prnewswire.com/72f88097c9c622e0f256b9cba3f1c0ae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Qs5DhCDaJkDvhjpsUT1qMQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ4MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/72f88097c9c622e0f256b9cba3f1c0ae","width":400,"height":273}},"href":"https://mma.prnewswire.com/media/2803831/HTR_Peril_Heat_State_Map_10_21_25.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Key Takeaways","length":13,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"All Peril severity increased 9% between 2023 and 2024, the highest in seven years, with 2024 breaking records set in 2023 as the U.S. experienced 27 climate disasters with $1 billion or more in damages, and 21% above the long-term average. All Peril loss cost was 49.7% higher in 2024 than in 2019.","length":303,"tagName":"p"}]},{"val":[{"type":"text","content":"Catastrophe claims represented 42% of claims across all perils combined in 2024, while catastrophe losses increased to 64%, another seven-year high signaling the growth of catastrophic events driving overall loss trends.","length":220,"tagName":"p"}]},{"val":[{"type":"text","content":"Wind claims surged in 2024, with severity up23.5% and loss costs jumping 30.7%, fueled by Hurricanes Helene and Milton – two of the costliest events of the yeari. Losses peaked in September last year, the height of hurricane...