Berkshire Hathaway Direct Insurance Company is seeking a 46% rate increase for THREE, its all-in-one insurance product for small businesses, in California.

The filing covers changes to the program’s property and business liability rates and rules. It would generate approximately $34.9 million in additional written premium across 8,231 policyholders, on a current premium base of $75.8 million.

Individual policy changes would range from a 59.6% decrease to a 352% increase. On average, the filing implies an annual premium increase of approximately $4,240 per policy.

Berkshire is seeking to implement the changes for new and renewal business on January 1, 2027. The program’s previous California rate revision was a 13.5% increase effective November 1, 2024.