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COMMERCIAL LINES UPDATEDECEMBER 4, 2014
New WC Rates Take Effect in
New Hampshire on January 1

Arbella Insurance Group - Here for good

Effective January 1, 2015, Arbella has accepted the voluntary loss costs filed by the National Council on Compensation Insurance for new and renewal business. We have adopted the NCCI loss costs as filed, with no change to our loss cost multipliers. We will continue to offer a 21% deviation for preferred tier business.

 

The state insurance department approved an overall average loss cost level decrease of 5.9% in the voluntary market. The following is a list of average rate changes by industry. Rates for specific classes may increase or decrease much more than the average:

 

MANUFACTURING - Overall -6.9%

 

OFFICE & CLERICAL - Overall -7.7%

 

GOODS & SERVICES - Overall -4.0%

 

CONTRACTING - Overall -7.0%

 

MISCELLANEOUS - Overall -6.5%

 

Arbella continues to be a competitive market for workers compensation written in support of accounts, including Package, Auto and Umbrella coverage. If you have any questions or comments, please contact your commercial lines underwriter or Arbella territory manager.

 

Thank you for your continued business support.
Very truly yours,

William S. Hughes, CPCU
Assistant Vice President, Commercial Lines
Arbella Insurance Group
 
This message was sent to all Arbella Connect™ commercial lines principals and users. Please forward to other people in your agency that might find this information useful. This notice and all product related notices are posted on Arbella Connect under Commercial Lines Updates.
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