New Rates – October 20, 2014

Greetings Everyone:

I sincerely hope you are getting a little time for yourself as we wind up to the 1/1s. Compline will have some new tool announcements shortly and we are working diligently to speed up the system. All of these rates are in and running in rating.

Last week Everest filed and the Chubb Fleet filed overall.

[EVEREST RE GROUP] Everest National Insurance Company files a 1.3% rate increase effective January 1, 2015
Everest National Insurance Company files to revise rates. Changes include: Revised loss cost multiplier downward;  Adopted WCIRB amended filed 1/1/2015 loss costs; Revised class deviation; Revised territory modification factor for Los Angeles territory

CHUBB INC GROUP Files overall increases and decreases:
Chubb Group as a whole files an interesting strategy for all 6 carriers in its California workers’  comp fleet. It’s revising rates effective December 1st, 2014. Overall LCMs were decreased from 1.527 to 1.518, but individual class code deviations were modified some up and some down.  Also, a non-“F” classification factor for USL&H was introduced with a proposed factor of 2.00. Here are the Chubb companies and their net changes:

] Chubb Indemnity Insurance Company files a -1.2% rate decrease effective December 1, 2014
] Chubb National Insurance Company files a 0.0% rate decrease effective December 1, 2014
] Federal Insurance Company files a -0.2% rate decrease effective December 1, 2014
] Great Northern Insurance Company files a 0.0% rate decrease effective December 1, 2014
] Pacific Indemnity Company files a 0.4% rate increase effective December 1, 2014
] Vigilant Insurance Company files a -0.1% rate decrease effective December 1, 2014