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Selective Keeps Public Officials Rates Flat in Rhode Island

Selective Insurance Company of America (SICA), along with affiliates Selective Insurance Company of South Carolina (SICSC) and Selective Insurance Company of the Southeast (SICSE), has filed a rate and rule update in Rhode Island for its Public Officials Liability program under Other Liability – Claims Made Only (TOI 17.2), effective May 1, 2026.

The filing affects 2,549 earned exposures and $11.5 million in total written premium (including $5.35 million for SICA) but results in no overall rate change (0.0%), despite an indicated need of +22.8%. The update revises Rule 7010.23 for Public Officials Liability base rates while maintaining premium stability.

The companies disclosed that no active Public Officials policies currently exist in Rhode Island. The filing supports a target return on equity (ROE) of 12% and incorporates a commission rate of 19.1%.