Report Shows Increasing Concentrations of Insured Property Values in U.S.

Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents and time element exposures are added in, the insured property values swell to over $80 trillion, the report found. Along with increasing values, there are more concentrated pockets of exposure, particularly in areas vulnerable to natural catastrophes. Karen Clark & Co. said the state with the most property value is California — followed by New York and Texas. The top 10 states account for over 50 percent of the U.S. total.