We are making a number of changes to our Kentucky & Tennessee Property Programs, with all program changes beginning with new and renewal business effective 6/15/22 new business & 8/1/22 renewal.
A particular intent of these changes is to better tune our rate levels in relationship to historic and modeled loss cost data, this being at a combined product, risk, and territory level. We are being particularly cautious in the areas of both states prone to historically heavy Wind, Fire and Hail loss. This price structure reflects that caution as we shield our company from being overly exposed to Wind, Fire and Hail.
Overall rate impacts will vary depending on the specific territory in each state and individual risk profiles.
Outside of an interim change in exposure since a given policy’s last term, no in-force policy otherwise will be affected by more than +25%. (There will be no ‘capping’ of any policy-level rate decreases).
Thank you for your partnership and trust you place in us to serve you clients insurance needs