Jewelers Mutual has filed for a 6.9% overall rate increase for its Businessowners program in Oregon, citing adverse loss experience in Business Income and Extra Expense Actual Loss Sustained (BIEE ALS) coverage.

The change affects 82 policyholders and $19,636 in written premium, with some individual changes reaching as high as 33.8%.

The filing reassigns Property Rate Numbers for jewelry manufacturing risks, identified as the program’s riskiest segment, and uses catastrophe modeling from RMS v17 and AIR via the company’s reinsurance broker. BIEE ALS losses now account for about 43% of total property-related claims. The filing follows a modest 0.85% rate increase implemented in February 2025 and continues JM’s strategy to align rates with deteriorating loss trends in higher-risk manufacturing exposures.