Liberty Northwest Insurance Corporation, member of Liberty Mutual Group,
has filed a rate increase for their Private Passenger Auto program in
Oregon with an effective date of May 11, 2009 for new and June 26, 2009
for renewal business. They are adjusting base unities for Bodily Injury,
Property Damage, Personal Injury Protection, Uninsured/Underinsured
Motorist Bodily Injury and Collision coverages, to reflect their Oregon
loss experience. The changes in the filing will have an overall rate level
impact of 9.1% increase.
Liberty Mutual Group has a 2.9% market share and is the eleventh largest
carrier in Oregon.
Liberty Mutual Insurance Companies have revised rates and rules applicable
to their Homeowners Program in Oregon. The effective date is April 13, 2009
for new and May 19, 2009 for renewal business. Impact of the changes by
company is:
North Pacific Insurance Company: 15.0% or about 1,090,645 in
annual premium
Oregon Automobile Insurance Company: 28.75% or about 254,049 in annual
premium
Liberty Mutual Group has 10.1% market share. North Pacific Insurance
Company has 1.4% of the share and Oregon Automobile Insurance Company has
0.2%.
No comments:
Post a Comment