Allstate Indemnity Company is proposing a 23.2% rate increase for its Condominium Homeowners program in Nevada. The filing, submitted on July 10, 2025, would take effect October 27 for new business and December 11 for renewals, impacting 5,488 policyholders and $4 million in written premium. If approved, the change would generate an additional $936,187 in annual premium.

Renewals are subject to a +30% cap, but new business and risk changes are not.

Wildfire Modeling now incorporates Verisk’s Touchstone 2024 v3.3.0 with a 1.104 loss adjustment factor.

Recent rate history includes increases of 16.7% (2024), 22.9% (2023), and 9.9% (2021). Maximum individual rate impact in this filing could reach +72.4%.