Homeowners rate increases

It either means that S&P’s rate filing archive doesn’t include Wyoming, or that homeowners is rate deregulated.

(It’s been almost 25 years since I did anything with personal lines in the US, but I have a faint, possibly erroneous, memory of there being minimal rate regulation in WY.)

I saw this yesterday as well. Was curious how anyone’s measuring NC. The industry has been under a 2-yr moratorium with the latest filing set for hearing in October still. I’m doubtful they compiled all the individual deviation filings due to complexity and lack of transparency.

I suspect it’s essentially a sumproduct of premium and whatever the headline change number is when submitted in SERFF…but it’s been over five years since I had to deal with any rate filings, much less personal lines, so…:person_shrugging:

The headline change # required to submit the filing doesn’t show up in the actual search results though, which is why I question it, only the supporting documentation. So unless a company puts it in their filing memo or manual pages (you should by the way, for consumer transparency imo) you can’t actually see it.

I would love to be proven wrong on this btw.

The forum software trims the headline. State Farm is apparently looking for +52% to renters, and +30% to homeowners.

For the first time in a long time, I dug up how to query for rate filing information through S&P.

Here’s a screengrab of part of what I see when I query for homeowners rate filings for top 10 carriers in NC:

image

My hypothesis is that the WSJ’s map is based on a sumproduct from an expanded version of that query.

I’m not curious enough to try to poke deeper to reconcile what’s in some of these filings vs what’s displayed on that query.

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