The National Association of Insurance Commissioners released a first-of-its-kind national homeowners insurance market analysis this week. Two straight years where Arkansas insurance companies paid out more than they brought in. The Insurer That Did Not Make ItIn September 2023, the Arkansas Insurance Department placed United Home Insurance Company of Paragould into receivership due to insolvency. “Those losses really took their toll on their bottom line,” Arkansas Insurance Commissioner Alan McClain told Arkansas Business. Arkansas homeowners now spend an average of 5.25 percent of their household income on homeowners insurance — one of the highest income-to-premium ratios in the country.