The insurance sector overall reports a 6% decline in the value of premiums sold to Canadian and border-related interests from 1994 to 1996. Whereas, the value of premiums sold to Canadian individuals increased by 229%, premiums sold to COBs not located in Clinton County declined by 71%.

Methodological Note:

Overall response rate improved from the original study to this replication. Twenty-one of the 42 firms (50%) surveyed chose to respond in 1996 as compared to 33% of those surveyed in 1994. A strict interpretation of change in the insurance sector indicator is based on a subgroup of 12 firms that participated in the 1994 and 1996 surveys. The total business conducted with Canadian and border-related interests by these 12 firms has increased 20% from 1994 to 1996.

Recommendation for Replication:

Obtain prior agreement to participate from those insurance agencies which responded to this study for the next replication. Revise and update the Chamber’s list of insurance companies operating within Clinton County. With each replication of this study, the intent should be to track the responses of firms which have responded previously, thus compiling comparable trend data, while continually expanding the base of total respondents.

 
Methodological Note:

The 1994 figure is calculated by applying an average premium for non-commercial real estate of $5.00 per $1,000 of value to the total equalized assessed value of Canadian-owned residential real estate in Clinton County for the calendar year 1994: $20,191,457. The 1996 figure is calculated by applying an average premium for non-commercial real estate of $4.60 per $1,000 of value to the total equalized assessed value of Canadian-owned residential real estate in Clinton County for the calendar year 1996: $22,163,530. Refer to the Real Estate Sector for the source of this figure. Note that the value reported here is likely to be included in part in the value of Canadian individual premiums in the previous table.