State insurance regulators are issuing a multi-state data call in coordination with the National Association of Insurance Commissioners (NAIC) seeking to collect and analyze data on at least 80% of the U.S. property insurance market. Regulators monitor the homeowners property insurance markets in order to protect consumers and hold insurers accountable. They regularly collect data from insurers to better understand the market and ensure the markets are fair, competitive, and healthy. 

The Property & Casualty Market Intelligence Data Call (PCMI) aims to gather data from 2018-2022 from over 400 property insurers operating throughout the country. A letter was sent to the companies on March 8th, 2024, and the data is due by June 6th, 2024. The data will help state regulators to better understand the market at a state and local level, and will be kept confidential.

The PCMI data call was developed by state regulators under the coordination of NAIC's Property and Casualty Insurance Committee. Property insurance costs have been on the rise due to an increasing number of natural disasters, increasing reinsurance costs, and inflation. This data will help to provide insights into costs and potential new coverage gaps, and the affordability and availability issues of homeowners' insurance.