Acuity has submitted a rate and rule filing in Virginia to revise the loss cost multiplier for its Commercial Inland Marine program. The filing, submitted on July 14, 2025, proposes an effective date of October 6, 2025, for new business and December 6, 2025, for renewals. Acuity is domiciled in Wisconsin.
The proposed change increases the Inland Marine Loss Cost Multiplier to 1.560, resulting in an overall rate effect of +1.6%. This adjustment is expected to impact 195 policyholders and generate an additional $7,890 in written premium, based on the program’s current $486,126 premium volume in the state.
This marks the first rate increase since October 2024, when the program last received a rate decrease. The filing does not identify specific vendors or competitors and relies on NAIC Loss Costs Adoption Forms for implementation.