New Rates – November 3, 2014

Besides some very interesting rate changes for 1/1 and 2/1 We’ve made a couple if major changes to Compline Comparative rating: First by popular demand we are now displaying the (estimated) rate the insured will pay given the schedule credits as adjusted by the rating user. If a risk has multiple territories and the Member has differentiated payroll for each territory the rates will be [different if] appropriate to the territory. <– That’s really big!  We also allow Member to enter an X-Mod and override the automatically generated one if you need to.
  The rates news is big too. Zenith increased rates about 4.3%, the AIG carriers changed a lot of things resulting they say in a net no change, and CompWest for 2/1 filed a statistically meaningful 5.4% rate increase. As always all of this is already running in the Compline rater (be sure to pick the correct effective date so we can choose the correct filing).

  [FAIRFAX FINANCIAL GROUP] Zenith Insurance Company files a 4.3% rate increase effective January 1, 2015
Zenith Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums, revise minimum premiums, class code deviations and territory relativities.
   
  [FAIRFAX FINANCIAL GROUP] ZNAT Insurance Company files a 4.3% rate increase effective January 1, 2015
ZNAT Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums, revise minimum premiums, class code deviations and territory relativities.

  [AMERICAN INTERNATIONAL GROUP] American Home Assurance Company files a 0.0% rate increase effective January 1, 2015
American Home Assurance Company files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [AMERICAN INTERNATIONAL GROUP] Commerce and Industry Insurance Company files a 0.0% rate increase effective January 1, 2015
American International Group files to adopt proposed 1/1/15 WCIRB pure premiums and maintain its 15.0% upward deviation for Commerce and Industry Insurance Company, resulting in a decrease in overall LCM from 2.176 to 2.153.
   
  [AMERICAN INTERNATIONAL GROUP] Granite State Insurance Company files a 0.0% rate increase effective January 1, 2015
American International Group files to adopt proposed 1/1/15 WCIRB pure premiums and maintain its 11.1% upward deviation for Granite State Insurance Company, resulting in a decrease in overall LCM from 2.102 to 2.080.

  [AMERICAN INTERNATIONAL GROUP] National Union Fire Insurance Company of Pittsburgh, PA files a 0.0% rate increase effective January 1, 2015
National Union Fire Insurance Company of Pittsburgh, PA files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [AMERICAN INTERNATIONAL GROUP] New Hampshire Insurance Company files a 0.0% rate increase effective January 1, 2015
New Hampshire Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [AMERICAN INTERNATIONAL GROUP] The Insurance Company of the State of Pennsylvania files a 0.0% rate increase effective January 1, 2015
The Insurance Company of the State of Pennsylvania files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [AMERICAN INTERNATIONAL GROUP] AIG Property Casualty Company files a 0.0% rate increase effective January 1, 2015
AIG Property Casualty Company files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [AMERICAN INTERNATIONAL GROUP] AIU Insurance Company files a 0.0% rate increase effective January 1, 2015
AIU Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums and decrease overall LCM from 1.892 to 1.872.

  [BCBS OF MI GROUP] CompWest Insurance Company files a 5.4% rate increase effective February 1, 2015
CompWest Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums and increase overall LCM from 1.650 to 1.700.

  [BCBS OF MI GROUP] United Wisconsin Insurance Company files a -2.7% rate decrease effective February 1, 2015
United Wisconsin Insurance Company files to adopt proposed 1/1/15 WCIRB pure premiums. The overall LCM remained at 1.930.

  [BCBS OF MI GROUP] Accident Fund Insurance Company of America files a 0.8% rate increase effective February 1, 2015
Accident Fund Insurance Company of America files to adopt proposed 1/1/15 WCIRB pure premiums. The overall LCM remained at 1.790.

  [ARCH INSURANCE GROUP] Arch Insurance Company files new territory factors, with no rate impact effective February 1, 2015
Arch Insurance Company files to add new territory relativities by increasing territory factors for the Los Angeles Area: and decreasing them in the San Diego and San Francisco Areas.

Have a great week and be sure to vote!

Dale