Clear Spring Property and Casualty Company filed a Workers’ Compensation rate and rule update in Oregon, adopting new NCCI loss costs and adjusting its Loss Cost Multiplier from 1.820 to 1.890. The change results in a modest 1.15% overall rate increase effective January 1, 2026.

The company’s indicated need was higher at 7.5%, driven by historical loss ratios, a 5.9% credibility factor, and a 12.2% expense change. The filing affects 23 policyholders and roughly $412,000 in premium, increasing premiums by about $4,769.

Past moves include a 6.4% increase in 2022 and decreases in 2024 and 2021. No red flags were noted.