Openly, through Rock Ridge Insurance Company, has filed for a 39.5% rate increase to its homeowners program in Kansas, citing updated catastrophe modeling and refined risk segmentation. The program, launched in 2021, remains relatively new, with Openly relying on industry data and predictive modeling to support its rate changes.

The filing replaces census block group pricing with Verisk’s Touchstone v10 grid-based storm modeling, simulating 10,000 years of severe convective events to calculate loss expectations. It also introduces revised factors for reconstruction cost, roof age and covering, construction type, and home age—all derived from Generalized Linear Models (GLMs) built on Openly’s national loss experience.

The models, validated through K-fold cross-validation and correlation testing, separately analyzed perils including water, fire, hail, wind, and tornado to flatten loss ratios and reduce subsidies across risk segments. The filing also adds higher deductible options and updated rate tables based on reconstruction cost per square foot.

If approved, the changes will impact both homeowners and landlord policies under Openly’s Kansas program. Agents might not be thrilled — this is a steep adjustment for a still-growing book.