AIG filed revised base rates for its Private Client Group Personal Excess Liability program in Connecticut, proposing an overall rate increase of 9.9%.

According to the filing submitted to the Connecticut Insurance Department, the rate change would apply to 2,489 policyholders and approximately $6.7 million in written premium. The proposed changes are scheduled to take effect June 1, 2026 for both new and renewal business.

The filing reflects an indicated rate need of 11.2%, based on AIG’s actuarial analysis of ten years of experience, including loss development, premium trends, and large loss adjustments. The insurer selected a slightly lower 9.9% rate impact after applying credibility adjustments and external trend comparisons. This will translate to $658,148 in additional premium.

The proposed revisions increase base premiums across several exposure categories within the personal umbrella program. For auto exposures, the base premium would rise from $445 to $497, while the charge for youthful drivers age 21 and under would increase from $155 to $173. Charges tied to recreational motor vehicles and collector vehicles would also increase.

Home related exposures would see similar adjustments. The base home premium would rise from $115 to $128, while additional residence charges would increase from $16 to $18, swimming pool charges from $18 to $20, and rental unit charges from $35 to $39.

AIG’s actuarial analysis relied on ten years of written premium, exposure, and loss data, with losses capped at $5 million per claim and developed using the chain ladder method.

Most policyholders are expected to see increases in the 5% to 10% range, with 92% of policies falling into that band, while about 2% of policies would see no change.