Chubb submitted an annual rate certification in Florida confirming existing rates remain actuarially sound, effective March 24, 2026.

The filing covers 4,346 policies and $4.4 million in earned premium, reflecting a small but stable personal boatowners book. Performance is closely aligned with expectations, with a 65.5% incurred loss ratio versus a 65.7% expected loss ratio.

With no rate changes proposed, Chubb is maintaining its current pricing, signaling confidence in the book’s profitability and positioning.

The program, marketed under the Masterpiece brand, targets high-net-worth customers, emphasizing coverage and service over price competition.