New Rates – January 15, 2014

REMINDER TO USE THE PROPER EFFECTIVE DATE IN ORDER TO GET THE CORRECT RATES

[State Fund] STATE COMP INS FUND Tier 4 (They call it D) has been added TO THE SYSTEM with appropriate Rates
SCIF adopts a new minimum premium formula, increased tier 3 (They call it C) multiplier and a few other rating changes

[GUIDEONE INS GRP] GuideOne Mutual Insurance Company files a 0.0% rate increase effective May 1, 2014
GuideOne Mutual Insurance Company revised base rates, rate modification factors and territory definitions.

[SWISS RE GRP] Westport Insurance Corporation files a 6.7% rate increase effective March 1, 2014
Westport Insurance Corporation revised base rates, minimum premiums and territory factors

[SWISS RE GRP] North American Specialty Insurance Company files a 6.7% rate increase effective March 1, 2014
North American Specialty Insurance Company revised base rates, minimum premiums and territory factors

[SWISS RE GRP] North American Elite Insurance Company files a 6.7% rate increase effective March 1, 2014
North American Elite Insurance Company revised base rates, minimum premiums and territory factors

[OLD REPUBLIC GRP] Old Republic Insurance Company files a 4.2% rate increase effective March 1, 2014
Old Republic Insurance Company revised base rates

[Delek GRP] Southern Insurance Company files a 10.6% rate increase effective March 1, 2014
Southern Insurance Company revised base rates

New York Marine and General Insurance Company files a 11.2% rate increase effective March 1, 2014
New York Marine and General Insurance Company revised base rates

Rate Fixes:

  •     We found that the rating for State National Ins Company (used by PEOs) did not incude its schedule credit and debit factors, this is now fixed.
  •     State Fund uses the filed PPRs not the Approved PPRs in case anyone need to know that. This was changed in our system last week.