RATE CHANGES

04/04/2022

EFFECTIVE May 1, 2022
    RE: RATE CHANGES

  
The Association has recently conducted an Actuarial Rate Review for all lines of business.  The last Rate Review was conducted in 2014 and at that time no rate changes were recommended. Effective May 1st, 2022 all lines of business will see the following rate changes with new and renewal business.
 
  • Dwelling:  We are implementing a +7.0% rate increase.  The increase adopts ISO loss costs in DP-2019-RLA1 with a new LCM, and revises other structures, VMM and condition charges.
 
  • Homeowners:  We are implementing a +3.0% rate increase.  The increase adopts ISO loss costs in HO-2019-RLA1 with a new LCM, and revises condition charges. 
 
  • Commercial:  We are implementing a +3.5% rate increase.  The increase adopts ISO loss costs in CF-2018-RLA1 with a new LCM.
 
 

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