[May 25, 2012] Enservio's Annual Contents Claims Index: Jewelry Overtakes Electronics as Top Insured-Loss Category in 2011 Tweet May 25, 2012 (Close-Up Media via COMTEX) -- Enservio's annual Contents Claims Index (CCI) revealed that jewelry losses were the big ticket items in value and volume for property insurance claims made in 2011. According to a release, claims for jewelry items rose from 13 percent among the top ten contents-loss categories in 2010 to 17 percent for Replacement Cost Value (RCV) in 2011, taking the top spot as the most claimed loss-item in 2011. Simultaneously, electronics dropped to the number two position, decreasing from 15 percent in 2010 to 13 percent RCV in 2011. These are a sampling of the top findings of the annual CCI announced by Enservio, a provider of contents inventory creation, valuation and replacement services and software. The Enservio CCI aggregates and analyzes contents claims reported by over 300 U.S. property insurers, providing valuable insights into contents claims trends on more than 20 million individually appraised personal and business items claimed by insured as lost, damaged or stolen. The index consists of more than 2,000 categories and subcategories of millions of personal and business items - with thousands of new line item descriptions added every week. The Enservio CCI shows the top contents categories compiled from claims filed with insurers in 2011. Jewelry topped the list at 17 percent of RCV, followed closely by Electronics at 13 percent. Apparel and Furniture are tied for the number three spot at 11 percent, followed by Home Goods at 9 percent. The Electronics category saw 15 percent growth in claims losses in 2011. Within the category, TV, Laptops and Desktop Computers have maintained their top ranking as the most claimed items year-over-year. "In 2011, we've seen the switch in position between the Electronics and Jewelry categories, while the overall category rankings and rankings within each category indicate only slight changes year-to-year," said Jon McNeill, CEO of Enservio. "These top level insights and the ability to mine contents data for deeper and more granular trends provide valuable intelligence for insurance carrier product and business strategy planning." The 2011 Enservio CCI also revealed the following contents-claims trends: -Regional Trends -Jewelry claims are more prevalent on the West Coast of the U.S. -Claims for electronics are more prevalent in the South -Claims for tools are more prevalent in the Midwest -Furniture claims are more prevalent in the East -Apparel -Men's Shirts in 2011 are 3 percent higher than Women's Shirts when compared to last year -Books & Magazines -Books & Magazines have displaced Movies & Music in the number nine spot among the top ten, a finding counterintuitive to today's electronic media trends -Odds & Ends -Ashtrays claimed increased by 15 percent at a time when the overall population is smoking less -The percentage of claims for Maps decreased by 66 percent, which could reflect the growing use of GPS in computers, mobile devices and vehicles More information: www.enservio.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]