National General filed its annual rate review for the Mortgage Security Program (MSP) in Idaho, electing to leave rates unchanged despite an actuarially indicated increase of 9.4%. The filing was submitted on June 17, 2026, and is scheduled to take effect Jan. 1, 2027.
The Mortgage Security Program provides coverage to mortgage lenders when borrowers fail to maintain property insurance and do not respond to repeated requests for proof of coverage.
National General said the filing was submitted pursuant to a 2017 regulatory agreement and does not include any rate changes. While the company’s actuarial review produced a 9.4% indicated increase, it cited low credibility in the Idaho experience and chose not to adjust rates.
According to the actuarial memorandum, Idaho experience remains thin, with just seven ultimate claims recorded during the review period, resulting in a credibility level of only 2.7%. The company supplemented state experience with countrywide data when selecting loss development factors and trend assumptions.
The filing shows a trended ultimate loss and loss adjustment expense ratio of 4.7%, well below the program’s permissible loss and expense ratio. After applying credibility weighting and expense provisions, the actuarial indication reached 9.4%, though National General concluded that maintaining current rates was appropriate given the limited volume of Idaho claims data.
National General is part of the Allstate group and writes the Mortgage Security Program through its lender-placed property insurance operations.
