overview of recent developments in residential & commercial property insurance final report prepared for the national association realtors july 8 2003 martin f grace ph d robert w klein center risk management and research georgia state university po box 4036 atlanta 30302 tel 404 651 4031 fax 1897 e mail rwklein gsu edu this is a on markets opinions contained are solely those authors do not necessarily represent any other person or organization 2 table contents executive summary 3 i introduction 7 purpose b findings ii 10 prices availability 33 c loss costs 41 profitability indicators 50 market structure changes 52 iii 79 86 90 93 iv further discussion factors influencing conditions 100 underwriting coverage issues insurer pricing effect investment income 111 reinsurance 120 regulation 121
