Corgi Insurance Company has filed to launch a homeowners insurance program in Georgia using rates and rating factors derived from Chubb’s Masterpiece program, according to documents submitted to state regulators.

The Georgia-domiciled insurer submitted separate rate and form filings on Sept. 10 and requested a Nov. 1, 2026, effective date. Corgi has no existing homeowners business in Georgia, and the program has not been filed in another state.

The proposed program would cover houses, condominiums, cooperative units and renters. Corgi also plans to offer standalone personal liability coverage and allow customers to combine multiple coverages within one policy.

Corgi told regulators that it has no homeowners premium or loss experience on which to base its rates. The company instead used Chubb’s Georgia Masterpiece program as its starting point, adopting its by-peril structure, territory definitions and most rating factors.

Corgi adjusted Chubb’s base rates to account for its own expense assumptions and to trend the rates from Chubb’s Aug. 11, 2026, rate level to Corgi’s proposed launch date.

The resulting Corgi base rates are generally 9% to 11% higher than the corresponding Chubb rates before individual property and policy factors are applied. For house coverage, the fire base rate increases from $1,034 to $1,149, while the wind-and-hail base rate rises from $4,390 to $4,867.

The program separately prices 12 categories of risk: fire, non-weather water, weather-related water, water backup, wind and hail, other property losses, lightning, theft, liability, hurricane, wildfire, and sinkhole or mine subsidence.

Corgi assumes commission and brokerage expenses equal to 27% of premium, compared with 17% in the Chubb actuarial support used by the company. It also assumes 5% for acquisition and general expenses, 5% for taxes and fees, and 7% for profit and contingencies.

Total expenses and profit represent 44% of Corgi’s projected premium, compared with 39.1% under the Chubb assumptions. Corgi’s permissible loss and loss-adjustment expense ratio is 56%, versus 60.9% for Chubb. Corgi assumes no reinsurance frictional cost, compared with 1.6% in the source filing.

Corgi adopted much of Chubb’s rating framework but removed several components, including the writing-company factor, credit-based tiering and the LexisNexis Attract One process.

The company said it will not use credit information, prior-insurance history, third-party demographic information, catastrophe models or a proprietary segmentation model. Distribution channel and application method will not affect a customer’s rate.

Claims paid by Corgi during the previous five years may affect premiums. However, catastrophe and weather-related claims will not result in a surcharge. A separate surcharge may apply if Corgi previously canceled a customer’s coverage for nonpayment.

Corgi also removed Chubb’s GreenWise upgrade, equipment breakdown and cyber protection options. Because Corgi does not currently offer personal auto or qualifying valuable articles coverage, the program will not provide the associated multipolicy discounts.

The proposed coverage retains several features found in Chubb’s Masterpiece program, including extended replacement cost, wildfire defense expenses, service-line coverage, identity fraud protection, account-funds coverage, kidnap and ransom expenses, employment practices liability and reputational injury coverage.

Special rates may be available for homes or contents insured for at least $1 million and personal liability limits of $5 million or more. Liability limits range as high as $10 million, while property deductibles range from $1,000 to $1 million.

Additional options include earthquake, sinkhole and mine subsidence, expanded mold remediation, landscaping, business property, student living expenses and assisted-living coverage. Family Protection coverage would cost $95 per policy.

Corgi also plans to offer discounts for water-leak detection and automatic shutoff devices, burglar and fire alarms, residential sprinklers, backup generators, temperature monitoring, lightning protection, gated communities, full-time caretakers and FORTIFIED construction.

The filings remain pending with Georgia regulators.