Yesterday was one of those days when everything happened all at once. Whew! Today we have 5 filings, one of which is a decrease. Notably the Munich group has introduced territorial rating across its ‘American group’ fleet. We are unable to determine this early how much effect it will have on its overall written premium. Territories with higher rates are as you’d expect.
We are beginning to see more deal flow into PEOs according to the (multiple) brokers I have been chatting with. Most brokers are finding them strange and unusual to deal with and tell me they do not plat=y by the same rules as the regular insurance marketplace in terms of common practices such as brokers letters, wholesale relationships and other things. Let me know your experience, by dropping a line to Helpdesk@Compline.com or even call me. Don’t be afraid – I only bite liberals and SCIF management.
Here’s the usual self serving plug: All of the new rates and territories are up and running in Compline Integrated Rating. Try it out.
[Munich Re Group] American Alternative Insurance Corporation files a 2.0% rate decrease effective June 1, 2014
American Alternative Insurance Corporation introduced territorial rating
[Munich Re Group] American Modern Home Insurance Company files a 0.0% rate increase effective June 1, 2014
American Modern Home Insurance Company introduced territorial rating
[Munich Re Group] American Family Home Insurance Company files a 1.0% rate increase effective June 1, 2014
American Family Home Insurance Company introduced territorial rating
Florists’ Mutual Insurance Company files a 5.5% rate increase effective July 1, 2014
Florists’ Mutual Insurance Company revised rates and its modification factor
Markel Insurance Company files a 4.8% rate decrease effective July 1, 2014
Markel Insurance Company revised rates and its modification factor
That’s all this time folks.