Next Insurance ntroduced a 0.1% overall rate increase (vs. an indicated 11.3%) for its commercial property program.

The update impacts 2,023 policyholders and adds $2,393 in premium on a total book of $2.75 million.

The filing updates core rating components, including the loss cost multiplier and market group factors across segments such as business services, entertainment, wholesalers, and real estate. The adjustments point to continued refinement of the company’s segmentation strategy rather than broad-based rate movement.

Results vary significantly by segment.

Retail and Restaurants remain the largest contributors, with over $65 million in earned premium and stable loss ratios of 44.5% and 38.7%, leading to no rate changes. In contrast, Wholesalers show the most strain, with a 145.7% loss ratio and a 227.1% indicated increase, though capped at 15% due to low credibility. Business services (58.4% LR) and Entertainment (70.0% LR) also show pressure, with selected increases of 10% despite higher indicated needs. Technology follows a similar pattern with a 64.6% loss ratio. Meanwhile, Auto Services and Professional Offices remain the strongest performers, with loss ratios near 30–32% and negative indications, yet rates were left unchanged, suggesting a preference for stability over downward adjustments.