Canal Insurance Company has filed for a commercial auto rate and rule revision in Tennessee. Submitted on September 17, 2025, the filing applies to new business beginning December 1, 2025, and renewals starting January 1, 2026. It affects 212 policyholders, with a projected written premium increase of $1.54 million on $11 million in total written premium.

The filing proposes a 14% overall rate increase, compared to an indicated need of 22.8%. Changes include revisions to liability and physical damage base premiums. To avoid skewed results, Canal’s methodology excludes policies with more than 50 units from the analysis for bodily injury/property damage and physical damage, and caps individual losses at $100,000.