Pie Insurance is seeking to introduce class-specific loss cost multipliers for its workers’ compensation program in Virginia, resulting in an overall rate increase of 7.6%.

The filing affects 1,627 policyholders and would generate approximately $602,000 in additional written premium on a book currently producing $7.9 million. Individual rate changes range from a 15% decrease to a 30% increase, although Pie said nearly 89% of policyholders would see a change of 15% or less.

Pie is keeping its base loss cost multiplier unchanged at 1.70 but introducing four groups for selected class codes:

• Retail, professional office, and service businesses: 1.445, or 15% below the base multiplier.
• Construction trades and field services: 1.870, or 10% above the base.
• Wallboard and roofing contractors: 2.125, or 25% above the base.
• Trucking and retirement living: 2.210, or 30% above the base.

All other classes will remain subject to the 1.70 multiplier.

Pie developed the groups using a “geospatial smoothing” analysis that begins with Virginia experience and progressively incorporates data from neighboring states and then the company’s broader national book. California, Delaware, and Pennsylvania were excluded because Pie said their experience patterns or class-code structures could distort the results.

The insurer began writing workers’ compensation business in Virginia in August 2023 and acknowledged that its state-specific experience remains only partially credible. Its analysis indicates an 8.8% overall increase, compared with the 7.6% selected change.

The filing follows an earlier revision that increased Pie’s base multiplier from 1.54 to 1.70, effective April 2026. The latest changes are proposed to take effect October 1, 2026, and remain pending.