MGT Insurance has filed for a rate increase in Nebraska impacting its Businessowners Program for nonprofit organizations, citing adverse loss experience and the need to recalibrate pricing following a recent acquisition.

The filing was submitted on January 15, 2026, and applies to both new and renewal business effective June 1, 2026. MGT is seeking an overall rate increase of 22%, affecting 58 policyholders and approximately $302,755 in written premium.

MGT points to elevated liability losses, with the projected non catastrophe general liability loss ratio for the accident year ending June 2025 reaching 129.6%.

The company notes that it recently acquired CM Select Insurance Company, an affiliate of Church Mutual Insurance Company, S.I., and is using Church Mutual experience data to inform its revised rates.

The filing also updates property and liability rating factors across several nonprofit related classes, including art galleries, museums, soup kitchens, and thrift stores, with significant dispersion by class. For example, the liability factor for for profit daycare operations is materially higher than those applied to cultural institutions. The prior rate revision for the program, effective June 1, 2025, was 21.9%, underscoring a continued push to stabilize results in a challenged segment.