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  "documentTitle": "Homeowner availability study",
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  "notes": "DCC = Defense & Cost-Containment Expenses. The slide uses a choropleth map for state-level data and a line chart for longitudinal comparison.",
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      "kind": "callout",
      "text": "Colorado loss ratios have consistently been above countrywide averages, leading each time to an underwriting loss for the industry.",
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      "text": "Colorado has reported the 4th highest Loss & DCC ratio in the US over the last 5 years (out of 51 jurisdictions – including DC), exceeded only by Louisiana, Iowa & California.",
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      "text": "¹: DCC stands for Defense & Cost-Containment Expenses. It refers to the costs of adjusting a specific claim, and represents roughly 1%-2% of Earned Premiums for the “Homeowners Multi-Peril”. Source: S&P Market Intelligence, NAIC report on profitability (2023), Oliver Wyman Analysis",
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      "text": "LOSS RATIO ANALYSIS: COLORADO HOMEOWNERS MULTI-PERIL",
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      "text": "The Colorado homeowners' insurance market has been consistently reporting underwriting losses over the last 5 years.",
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