After a disaster or catastrophic event, insurance loss data specific to such an event is collected periodically from insurance companies doing business in the affected state. State insurance departments use the data for multiple reasons, including determining the total number of claims and insured losses, monitoring the solvency of domestic insurers to ensure they are financially sound to make claim payments to their insureds, and improving the overall experience of policyholders directly affected by a disaster.

https://mauinow.com/2024/07/31/hawai%ca%bbi-insurance-division-releases-current-data-on-maui-wildfire-claims/

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