North Dakota published $327.6 million in home premium and no condominium line at all
North Dakota published $327.6 million in home premium and no condominium line at all
2026-09-15 · North Dakota · Regulation
North Dakota's Insurance Department publishes what insurers earned and paid in this state. For calendar year 2024 the homeowners line ran $327,614,550 in premiums earned against $161,632,859 in claims incurred, across 839 companies. That is the best public picture a North Dakota board has of the market its master policy is bought in — and it does not contain a condominium line.1
The numbers, as published
From the Department's own statistical report, data as of December 31, 2024, totals across all companies:
- Home multi-peril: $327,614,550 earned, $161,632,859 incurred
- Farm multi-peril: $172,625,559 earned, $72,280,380 incurred
- Fire: $58,961,930 earned, $18,100,296 incurred
The home multi-peril total splits into $61,860,719 earned and $31,946,976 incurred among the thirteen North Dakota-domiciled companies, and $265,753,831 earned against $129,685,883 incurred among the 826 non-domiciled ones.
The largest domiciled homeowners writer, Agraria Insurance Company (NAIC 32670), earned $31,872,967 and incurred $13,863,780. Center Mutual Insurance Company (NAIC 34606) earned $6,467,084 and incurred $5,666,112 — the two columns are close enough to be worth noticing.
The line that is not there
The state's property table has three columns: fire, farm multi-peril and home multi-peril. There is no commercial multi-peril or allied lines breakout, which is where a condominium association's master policy ordinarily sits.
So these figures describe the North Dakota homeowners market — single-family policies and unit-owner HO-6 policies — and not the association market. No North Dakota condominium master-policy premium or loss figure is published by the Department.
What the Department did not do in 2025 or 2026
It issued four bulletins across both years, and none of them touches property insurance at all:
- 2025-1, July 31, 2025 — insurance data, security and event reporting
- 2025-2, November 6, 2025 — Medicare enrolment practices
- 2025-3, December 19, 2025 — publishing of the company abstract of statement
- 2026-1, January 29, 2026 — dental insurance loss ratio reporting
No circular, bulletin or directive on condominium master policies, association deductibles, wind or hail deductibles, or loss assessment coverage was issued in either year.
Nor is there a current market study. The most recent property and casualty market analysis report on the Department's own studies page is from 2020 — six years old. The 2023-25 biennial report contains zero occurrences of hail, storm, wind, homeowner, condominium, catastrophe or disaster.
The Department's only property-side action in the window was a news release of June 21, 2025, in which Commissioner Godfread urged North Dakotans to check for storm damage and file promptly: “If your home, farm, vehicle, or business sustained damage, the most important thing you can do right now is to act quickly, document everything, and protect your property from further harm.”2 It says nothing about deductibles, associations or condominiums.
Why the silence is the story for a board
A North Dakota association renewing its master policy this autumn is doing so in a year when the state's insurance regulator published no property guidance, no market analysis and no hail loss data — and in which the rules that actually changed came from two other places entirely.
The legislature changed the claim rules. Effective August 1, 2025, N.D.C.C. § 26.1-39-30 bars a reopened claim not noticed within one year of the date of loss, and a supplemental claim not noticed within twelve months of the insurer's last payment for that element. Section 26.1-39-29 requires a final judgment of breach before a bad-faith action may proceed.
The secondary market changed the coverage requirements. Since July 1, 2026, a master property policy with a per-unit deductible above $50,000 makes the units unfinanceable under both Fannie Mae and Freddie Mac standards, and any per-unit deductible forces every mortgaged owner to carry an HO-6.
Neither of those came from the Insurance Department. A board waiting for its regulator to tell it what changed has been waiting for two years.
What to do with the numbers you do have
Use the loss experience as a negotiating fact, not a forecast. Roughly half of North Dakota home multi-peril premium was paid out in claims in 2024. That is a market under pressure but not in crisis, which is a useful thing to know when a renewal quote arrives with a large increase attached.
Ask your broker for what the state does not publish. Your own community's five-year loss run, your per-unit and per-occurrence deductibles, whether roofs are on a replacement-cost or actual-cash-value basis, and whether there is a separate wind or hail deductible. None of that is in a public dataset. Our North Dakota insurance requirements page covers what the master programme should carry.
Budget against your own history. With no published condominium line and no current market report, the association's own claims and premium record over five years is the only North Dakota-specific data that exists about your risk. Our reserve studies and budget approval pages cover where the number lands.
One structural change worth noting
Effective July 1, 2025, North Dakota merged insurance and securities regulation into a unified regulator, and the State Fire Marshal's Office moved into the Department this biennium. Whether that produces more property-side guidance or less is not yet visible in the bulletin record.
What to watch next
Watch for a property and casualty market analysis report to replace the 2020 edition — six years without one is the most conspicuous gap in the Department's output. Watch, too, for any bulletin addressing per-unit deductibles, which is now the single provision most likely to make a North Dakota condominium unsaleable.
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