October 6, 2014
We have several new rate filings to report and we have been sending these out less frequently because we don’t want to spam you. However starting now, with the 2015 rate filing about to be approved and filing season about to start it is important to understand market conditions. Be sure your placers and marketing people are on our list.
That said, as always, we will continue to have rates in the system and rating within two days of them being filed. All of these filing have been working in the system since they were filed. We are seeing a lot of carriers adopting Bureau rates from 1/114 rather than the new ones. But we’ll see if there is a flood after the rate decision.
Remember it is always important to use the effective date in order for Compline to choose the correct filing for all 294 carrier in our system.
It’s easy to winnow down the carriers you want to look at = you can create sets by interesting carriers, or your appointed carriers (groups) or various other ways. See our training video or call our help desk or even call me. Training is always free and you can schedule a free training session for your staff – via GoToMeeting by calling or emailing our help desk.
We are trying a slight change in our format today to see if you like it. We are showing in red and slightly larger font rate changes and in red technical changes other than territorial or minimum premium change, of which there seem to be a lot. Let us know what you think.
The Dentists Insurance Company files a 4.9% rate increase effective January 1, 2015
The Dentists adopted 1/1/14 WCIRB Pure Premiums
Florists’ Mutual Insurance Company files a 7.6% rate increase effective January 1, 2015
Florists’ Mutual Insurance Company adopted the proposed 1/1/2015 WCIRB pure premiums, effective January 1, 2015.
Lumbermen’s Underwriting Alliance files a 16.5% rate increase effective November 1, 2014
Lumbermen’s Underwriting Alliance modified its loss cost multiplier and revised minimum premiums, effective November 1, 2014.
Pacific Compensation Insurance Company files a 0.6% rate increase effective November 1, 2014 and filed a terrorism premium charge of $0.03 (per $100 of payroll).
[BERKSHIRE HATHAWAY Group] Berkshire Hathaway Homestate Insurance Company files a 0.0% rate increase effective October 20, 2014
Adjusted rules to its rating manual affecting minimum premiums and territorial ratings, with minimal overall changes to premium charged.
[BERKSHIRE HATHAWAY Group] Cypress Insurance Company files a 0.2% rate increase effective October 20, 2014
Adjusted rules to its rating manual affecting minimum premiums and territorial ratings, with minimal overall changes to premium charged.
[BERKSHIRE HATHAWAY Group] Oak River Insurance Company files a 0.1% rate increase effective October 20, 2014
Adjusted rules to its rating manual affecting minimum premiums and territorial ratings, with minimal overall changes to premium charged.
[BERKSHIRE HATHAWAY Group] Redwood Fire and Casualty Insurance Company files a 1.0% rate increase effective October 20, 2014
Adjusted rules to its rating manual affecting minimum premiums and territorial ratings, with minimal overall changes to premium charged.
Republic Underwriters Insurance Company files a 5.6% rate increase effective September 15, 2014
Republic Underwriters Insurance Company revised territory definitions and relativities and pure premium rate modifiers for 20 class codes.
[MS&AD INSURANCE GROUP] Mitsui Sumitomo Insurance Company of America files a 8.4% rate increase effective October 1, 2014.
It also files to adopt 1/1/14 WCIRB Pure Premiums and revised Minimum Premiums. Loss Cost Multiplier changed.
[MS&AD INSURANCE GROUP] Mitsui Sumitomo Insurance USA Inc. files a 16.0% rate increase effective October 1, 2014
It files to adopt 1/1/14 WCIRB Pure Premiums and revised Minimum Premiums.
[Pennsylvania Manufacturers Group] Pennsylvania Manufacturers Association Insurance Company files updated minimum premiums effective October 1, 2014
[Pennsylvania Manufacturers Group ] Manufacturers Alliance Insurance Company files updated minimum premiums effective October 1, 2014
[Pennsylvania Manufacturers Group ] Pennsylvania Manufacturers Indemnity Company files updated minimum premiums effective October 1, 2014
[Sompo Japan Insurance Group] Sompo Japan Insurance Company of America
Sompo Japan Insurance Company of America filed updates to CA Hazard Group Assignments, Loss Elimination Ratios, CA Small Deductible Plan and the CA Insolvent Insurer Rating Adjustment Plan as approved in WCIRB Bulletin No. 2013-25. Effective 10/1/2014.
[Sompo Japan Insurance Group] Sompo Japan Fire & Marine Insurance Company of America
Sompo Japan Fire & Marine Insurance Company of America filed updates to CA Hazard Group Assignments, Loss Elimination Ratios, CA Small Deductible Plan and the CA Insolvent Insurer Rating Adjustment Plan as approved in WCIRB Bulletin No. 2013-25. Effective 10/1/2014.