Nevada was one of the states that was Ground Zero for the housing collapse, which explains why commercial lines premiums evaporated in the states, according to Robert Hartwig, president of the Insurance Information Institute.
The housing collapse drove sharp direct written premium declines for the five years ended 2011 in states like Nevada and Arizona, according to data presented by I.I.I. President Robert Hartwig late last year.For more information on premium declines and premium growth opportunities, see related article, “Move Over Saudi Arabia; U.S. To Lead In Oil Production, Hartwig Says.”