2017CropInsuranceIndustryAnnualConvention.pdfVIP

2016 Crop‐Hail Industry Reports 2017?Crop?Insurance?Industry?Annual?Convention? ? ? ? ? INDUSTRY EXPERIENCE - 2016 EXHIBITS A-E Exhibit A, 2016 State Summary Report This report presents the premium and loss ratios for each state and the United States as a whole. Loss figures include paid losses as of January 23, 2017. Loss adjustment expense is not included. Data is broken down to present NCIS members, Statistical Subscribers and all Industry. The experience shown is by year, with five year and ten year cumulative totals. Data are from annual preliminary reports. Exhibit B, Crop-Hail Insurance Written in the United States 1915-2016 This report presents nationwide totals for each year 1915-2016 and totals for the entire period for NCIS member companies. Exhibit C, Loss Cost History Exhibit D, 2016 Premium and Loss Projected Totals Exhibit E, 2016 Crop-Hail Industry Ranking Report NCIS?Crop‐Hail?Statistics?and?Processing?Totals? ? ? For the purposes of the Annual Meeting, NCIS reports verified premiums and losses which are the amounts that companies have processed through their own systems. These are reported to NCIS as aggregate totals by state and are used to determine whether sufficient data has been reported to complete processing for each state. The industrywide verified totals reported in the Annual Meeting materials are not necessarily fully mature by the time NCIS prepares these reports in mid-January. Verified totals will often increase as companies continue to settle claims. The losses that are included in the Premium and Loss Projected Totals report are the verified losses plus estimated loss data from open claims. 2016 Crop‐Hail Industry Reports 2017?Crop?Insurance?Industry?Annual?Convention