Next Insurance filed updates to its commercial property program in Alabama. The changes apply to new business starting June 5, 2026, and renewals starting July 15, 2026.

The filing focuses on how risks are priced, not on a headline rate change. It updates ISO exception pages and adjusts internal rating rules. The program keeps a $205 minimum premium and removes some ISO liability-related rules, signaling a more customized underwriting approach.

Pricing is built on several core inputs. These include construction type, fire protection class, building code quality, sprinkler status, and deductible choice.

On top of that, Next applies its own factors. These include building age, insurance score, prior losses, revenue, and square footage. It also uses a proprietary property classification factor.

The update expands optional coverages and endorsements. These include flood coverage, information security protection, and industry-specific add-ons for sectors like restaurants, retail, and healthcare.

Additional adjustments include a multi-line discount, a loyalty factor, and a rate stabilization factor tied to policy duration.

Overall, the filing shows a move toward more granular pricing. Next continues to rely less on standard ISO structures and more on its own data-driven models.