Foremost, part of Farmers, filed for a homeowners rate increase in Nevada on January 21, 2026, covering its owner occupied homeowners program.

The filing applies to new business beginning June 1, 2026, and renewals starting July 1, 2026. Foremost is seeking an overall rate increase of 13.364%, slightly below the indicated change of 14.276%. The proposal affects 4,841 policyholders and approximately $7.56 million in written premium.

Beyond rates, the filing introduces structural changes to the program, including a shift from flat dollar deductibles to percentage based deductibles and an increase in the base premium for Service Line Coverage from $60 to $86. Replacement cost calculations continue to rely on residential cost index factors provided by Xactware Solutions.