Canal Insurance Company has submitted a rate and rule filing in Maryland proposing a 9.6% overall rate increase for its Commercial Auto program. Filed under SERFF Tracking Number CNLC-134502095, the submission includes updates to liability and physical damage rates, effective July 1, 2025, for new business and August 1, 2025, for renewals.

The filing is based on an indicated rate need of 15.9% but reflects a selected, moderated increase. Approximately 393 policyholders will be affected, with the expected written premium impact totaling $1,016,682 on $10.6 million in premium volume. The proposed changes follow an 18.7% increase implemented in August 2024.