This week’s property and casualty rate announcements includes updates from Philadelphia and Everspan.
Philadelphia / Businessowners
Philadelphia Indemnity Insurance Company introduced their new Businessowners Program effective March 1, 2025. This product also includes additional coverages for Miscellaneous Professional Liability, Cyber, Equipment Breakdown, and EPLI. Rates were developed based on similar coverages offered by AmGUARD, Chubb, Hartford, Progressive, Travelers, and others.
Obsidian / Yellow Bus
Obsidian Insurance Company introduced their new Paragon Yellow Bus Program effective October 2024. This product includes coverage for Commercial Auto and General Liability. Rates were developed based on a similar product previously offered by SPARTA.
Everspan / Starwind Auto
Everspan Insurance Company introduced their new Starwind Specialty Commercial Auto Program effective October 2024. This product was developed based on similar coverage offered by AmTrust.
EMC / Linebacker
Employers Mutual Casualty Company increased rates 23.00% overall to their Linebacker Public Entity Program effective February 1, 2025. Changes were made to Base Rates including Public Officials, School Professional, Health Care, Private Schools, etc.
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