Branch Insurance Exchange filed updates to its homeowners program in Maryland, introducing a -15% overall rate change for new business effective March 20, 2026, and renewals effective May 4, 2026.

The filing applies to an owner-occupied homeowners book covering 263 policyholders and approximately $576,000 in written premium, translating to a projected premium reduction of about $86,000 across the program.

Rather than introducing structural changes, the update focuses on adjustments to premium component base rates, signaling a recalibration of pricing assumptions. The filing was submitted under a file-and-use framework, allowing the insurer to implement the changes without prior regulatory approval.

The move follows Branch’s prior rate increase in 2024 (+25%) and reflects a reversal in pricing direction, suggesting improved loss expectations or a strategic push for competitiveness in the Maryland homeowners market.