Stillwater is seeking a 7.4% overall rate increase for its Businessowners program in Connecticut, where it currently insures 45 policies totaling $103,907 in premium. The proposed changes, effective July 28, 2025 for new business and September 1, 2025 for renewals, follow a 31.9% actuarial indication.

Key updates include premium capping by peril to smooth renewals, revised hurricane reinsurance loads, and a shift to annual 12-month policy terms. Stillwater is also adding procedures for rounding and adjusting sales/payroll projections. Guy Carpenter provided the reinsurance allocation analysis supporting the filing. The largest individual policy increase is +14.1%.