Next Insurance US Company has filed a rate-neutral update to its Commercial Property 4.0 program in Texas, effective November 4, 2025, for new business and January 13, 2026, for renewals. The filing covers the non-liability portion of the Commercial Package policy and introduces refined rate and rule changes to enhance risk segmentation and pricing accuracy.

Despite an overall rate impact of 0%, individual policy changes may range from -79.5% to +119.6%, with rate capping rules applied to renewals. A new surcharge based on prior claim count has been added, along with defined premiums for industry-specific endorsements. The filing also outlines updated rules, including mixed occupancy, aluminum wiring exclusions, and a transition rule for portfolios from unaffiliated insurers. Premium volume for the program is $4.2 million across 3,093 policyholders.

The program utilizes ISO loss costs but will not automatically adopt future ISO updates. Perr&Knight submitted the filing on Next’s behalf.