Liberty Mutual Insurance Company and Peerless Indemnity Insurance Company have filed for a 10% overall rate decrease on Homeowners policies in Connecticut. The revised rates are set to take effect July 30, 2025, for new business and September 3, 2025, for renewals.
The filing affects 13 Liberty Mutual policyholders and 229 Peerless policyholders, with written premium reductions of $3,710 and $47,448, respectively. Changes include revised base rates and fixed expenses for both standard and landlord policies. The companies confirm they do not use price optimization or AI in their pricing models, though they leverage AIR catastrophe modeling for coastal risk. Rates in high-risk coastal zones remain compliant with state hurricane deductible rules.
