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Data from the Wisconsin Local Government Property Insurance Fund (LGPIF). The LGPIF was established to provide property insurance for local government entities that include counties, cities, towns, villages, school districts, fire departments, and other miscellaneous entities, and is administered by the Wisconsin Office of the Insurance Commissioner. Properties covered under this fund include government buildings, vehicles, and equipment.

Usage

lgpif

Format

A data frame with 5677 rows and 41 variables:

PolicyNum

Policy number

Year

Policy year

ClaimBC

Total building and contents (BC) claims in the year

ClaimIM

Total inland marine (IM) claims in the year (contractor’s equipment)

ClaimPN

Total comprehensive claims from new motor vehicles in the year

ClaimPO

Total comprehensive claims from old motor vehicles in the year

ClaimCN

Total collision claims from new vehicles in the year

ClaimCO

Total collision claims from old vehicles in the year

TypeCity

Indicator for city entity

TypeCounty

Indicator for county entity

TypeMisc

Indicator for miscellaneous entity

TypeSchool

Indicator for school entity

TypeTown

Indicator for town entity

TypeVillage

Indicator for village entity

IsRC

Indicator for replacement cost (motor vehicles)

CoverageBC

Log coverage amount for building and contents (in millions of dollars)

lnDeductBC

Log deductible amount for building and contents

NoClaimCreditBC

Indicator for no BC claims in prior year

yAvgBC

Average BC claim amount

FreqBC

Frequency of BC claims

CoverageIM

Log coverage amount for inland marine (in millions of dollars)

lnDeductIM

Log deductible amount for inland marine

NoClaimCreditIM

Indicator for no IM claims in prior year

yAvgIM

Average IM claim amount

FreqIM

Frequency of IM claims

CoveragePN

Log coverage amount for comprehensive new vehicles (in millions of dollars)

NoClaimCreditPN

Indicator for no PN claims in prior year

yAvgPN

Average PN claim amount

FreqPN

Frequency of PN claims

CoveragePO

Log coverage amount for comprehensive old vehicles (in millions of dollars)

NoClaimCreditPO

Indicator for no PO claims in prior year

yAvgPO

Average PO claim amount

FreqPO

Frequency of PO claims

CoverageCN

Log coverage amount for collision of new vehicles (in millions of dollars)

NoClaimCreditCN

Indicator for no CN claims in prior year

yAvgCN

Average CN claim amount

FreqCN

Frequency of CN claims

CoverageCO

Log coverage amount for collision of old vehicles (in millions of dollars)

NoClaimCreditCO

Indicator for no CO claims in prior year

yAvgCO

Average CO claim amount

FreqCO

Frequency of CO claims

Source

https://sites.google.com/a/wisc.edu/jed-frees/

References

Frees, E. W., Lee, G., & Yang, L. (2016). Multivariate frequency-severity regression models in insurance. Risks, 4(1), 4.