About This Publication

The 2003-04 edition of Ohio Insurance Facts is published by the Ohio Insurance Institute (OII) to provide its readers with information and statistics pertaining to Ohio’s property/casualty insurance industry. In certain instances, local and national information is also provided.

Statistical information is for the most recent year(s) available at the close of publishing. Updated information, if available, may be obtained by contacting Mary Bonelli (maryb@ohioinsurance.org) or Mitch Wilson (mitchw@ohioinsurance.org) at the Ohio Insurance Institute, 172 E. State St. Suite 201, Ohio 43215-4321; 614-228-1593.

Web and CD versions

The 2003-04 Web edition will be available for downloading from the OII Web site (www.ohioinsurance.org) in fall 2004. Some sections of the Web edition will contain links to previously published versions of the same information in an effort to become “virtual publication” in the future. A CD-rom version is available by contacting the OII. A limited quantity of printed fact books is also available. All Web sites noted on the Web and CD versions are live and can be accessed for additional or updated information.

Permission to reprint

Although this material is copyrighted, readers are not restricted or limited in any way to use the contents. Authorization is granted for full use of the information with attribution, when appropriate, to the Ohio Insurance Institute or other noted source.

Feedback welcomed here

Every year, sections are added or revised to provide readers with additional facts and information tied to our industry. In other cases, information that hasn’t proven to be of significant interest is deleted. Your comments and suggestions regarding this publication are welcome. Feel free to use the “OII Sound-Off Page” at the back of the book to send in your comments.

An Integras Insurance Audit (San Diego CA) survey released in December 2003 found that 74% of households have both auto and homeowners insurance, while less than 60% have auto, homeowners and life insurance. The survey of 27,000 households covered auto, home, life, health and annuities insurance. Of the 74% of households with auto and homeowners insurance, two-thirds have policies with the same institution. Only 3% of those with auto, homeowners and life policies have all three policies with the same institution. Of those who switched auto or homeowners policies in the past three years, 58% of homeowners said they did based on price, while 75% switched auto insurers for the same reason.