FOR IMMEDIATE RELEASE

2006/2007 AUTO INSURANCE REPORT
NOW AVAILABLE

WASHINGTON, D.C. (Dec. 1, 2009) — The National Association of Insurance Commissioners (NAIC) today announced the release of its 2006/2007 Auto Insurance Database Report, which provides the average costs associated with personal automobile insurance nationwide.

Developed by the Casualty Actuarial and Statistical Task Force of the NAIC's Property and Casualty Insurance (C) Committee, the report features state-by-state auto insurance data designed to provide necessary information and analysis to insurance regulators, consumers and policymakers.

The data used for this report includes written premium and exposure data from calendar years 2003-2007 for the combined voluntary and residual market. The report also includes earned premium and exposure data, as well as incurred loss and claims data (separately), from calendar/accident years 2004-2006 for voluntary and residual market business.

For each state, average premium and expenditures, pure premium, loss ratio, claim frequency and claim severity are calculated by coverage. The types of auto insurance coverage included are bodily injury and property damage liability (including no-fault), uninsured and underinsured motorist, medical payment, collision and comprehensive.

The NAIC recognizes the differences in state requirements for insurance coverage, limits and benefits. Many factors affect a state's expenditures and premiums, including underwriting costs, driving locations, accident rates, traffic density, auto theft statistics, repair costs and state laws. These variances make direct state-by-state comparisons difficult. Also, data contained in the 2006/2007 report may differ from data released in previous reports, as updated information from insurers is periodically obtained and included in the most recent report.

A sample of the report is posted in the Newsroom page of the NAIC Web site, under the "Research" tab. The complete, 247-page report is also available for purchase through the NAIC Store.

• Click HERE to link to the Auto Report Summary.
• Click HERE to link to the Auto Report Sample.

About the NAIC

Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit www.naic.org.

You are currently subscribed to the “NAIC News Release” electronic service. For information regarding this service, please contact the NAIC Communications Division, 2301 McGee Street, Kansas City, MO 64108, 816-783-8909.

To unsubscribe from NAIC Electronic Services, send a blank e-mail to
NAIC Opt Out services.