Integris Assurance Company filed its annual rate certification for its physicians and surgeons professional liability program in Florida, keeping rates unchanged despite an indicated need for an increase.
The filing supports the July 1, 2026 renewal and covers a book of 1,113 policies generating about $23.9 million in earned premium. The company reported an average incurred loss ratio of 75.3% and an expected loss ratio of 74.9%, with total expenses around 26%.
Actuarial analysis pointed to a +4% indicated rate increase, driven by loss trends and expense assumptions. However, Integris selected a 0.0% change, signaling a decision to prioritize market positioning over technical indications.
Loss trends show moderate severity growth offset by declining claim frequency, resulting in a selected overall loss trend of 2.7%. The company also incorporated a 3.8% load for unallocated loss adjustment expenses and a slightly negative underwriting margin, supported by investment income.