Midvale Indemnity Company has submitted a rate and rule filing in North Carolina for its Businessowners program, proposing an overall rate increase of 6.5% under a file and use approach. The filing reflects a 34.8% indicated need and is expected to increase written premium by about $176,000 across 1,046 policyholders, representing approximately $2.7 million in program premium.

The proposed changes would take effect August 10, 2026 for new business and August 30, 2026 for renewals. The revision also includes updates to rating factors, class modification factors, and endorsement pricing across a wide range of industries, including restaurants, retail, professional services, and medical offices.

The filing follows a prior 7.7% rate revision that became effective in June 2025.