Utica National submitted a filing in Maryland updating rates for its businessowners program, with changes varying by segment and insurer. The filing affects business written through Graphic Arts Mutual Insurance Company, Republic-Franklin Insurance Company, and Utica Mutual Insurance Company, with an effective date of February 1, 2027.
According to the filing, Utica is modifying company deviations and pricing factors “to increase our range of pricing” and better align with ISO pricing models. The proposed changes include updates for contractors, restaurants, auto service and repair shops, child care centers, religious institutions, and traditional office and retail risks.
The filing shows segment level impacts including:
- Contractors: +19.5%
- Child Care: +9.7%
- Restaurants: +5.3%
- Auto Service & Repair: +3.0%
- Independent Legacy business: +1.0%
- Religious Institutions: -0.5%
Utica said the contractor changes reflect an updated payroll conversion factor based on OSHA wage data from May 2024. For child care and religious institution business, the filing updates liability loss costs, liability group relativity factors, and property class relativities.
At the company level, Utica Mutual shows a 10% overall increase affecting 140 policyholders and about $795K in premium, while Republic-Franklin and Graphic Arts Mutual show overall decreases of 12.7% and 5%, respectively. Combined, the three entities account for 217 policyholders and about $1.23 million in written premium.
By comparison, Coterie’s Maryland BOP program, written through Spinnaker, is roughly half the size at about $602K in premium. However, that figure has doubled from about $288K in early 2024, suggesting the program is scaling quickly even without a rate increase.