586 - 1997 Interim Ceding Expense Allowances.doc
BULLETIN NO. 586 March 19, 1997
1997 INTERIM CEDING EXPENSE ALLOWANCES
This bulletin sets forth the interim ceding expense allowances for all ceded private passenger business and all ceded other than private passenger business reported in calendar year 1997 to Commonwealth Automobile Reinsurers. This includes policy year 1997 taxi business, limousine business and car service business written through the Taxi and Limousine Program. Please note that the taxi, limousine, and car service expense allowances will be reviewed by the Governing Committee at its meeting of April 16, 1997. If necessary, any changes to these interim expense allowances will be published under separate cover.
Interim allowances for private passenger ceded business are established under Section A, l. of Rule 17. The 1997 allowances, for all ceded CAR ID codes, are based on 1997 private passenger statewide rate components, in conjunction with 1995 claim frequency data as of March 1996. Interim allowances for other than private passenger ceded business (excluding ceded business written through the Taxi and Limousine Program) are established under Section B.1. of Rule 17. The 1997 allowances are based on the approved 1997 C.A.R. Commercial Rate Filing components in conjunction with 1995 claim frequency data (excluding taxi and limousine classes).
Each company will be supplied with the data and calculations underlying the 1997 private passenger and other than private passenger interim ceding expense allowances displayed on the attached pages. Note that for new servicing carrier's, for which 1995 ceded claim frequency data is nonexistent, expense allowances at this time are based on the rate/expense components with no frequency adjustment. However, allowances for these companies will be subject to frequency adjustments in the truing-up process.
Any questions concerning this bulletin should be directed to the undersigned.
Neal Sonnenberg
Senior Statistical Analyst
Attachments
A
ttachment to Bulletin 586 03/19/97
Commonwealth Automobile Reinsurers
Calendar Year 1997
Private Passenger
Interim Ceding Expense Allowances for ID Codes 4, 5
Co# Servicing Carrier Liability Phys Dam
011 AETNA CASUALTY & SURETY 30.11%- 34.24*-o
049 AMERICAN CASUALTY 31.99%- 33.550-.
096 AMERICAN HARDWARE MUTUAL INS CO 33.31%- 36.43%-
153 ARBELLA MUTUAL INSURANCE CO. 34.18%- 36.50%-
198 BERKSHIRE MUTUAL INS CO 30.78!t 33.53%
209 BOSTON OLD COLONY 31.99%- 33.55%-
269 COLONIAL PENN GROUP 32.67%- 37.11%
279 COMMERCE INS CO 34.47%- 35.80!k
284 COMMONWEALTH MUTUAL INSURANCE CO 33.31t 36.43%;
309 ELECTRIC INS CO 26.08%- 28.70%
311 ELECTRIC INSURANCE CO (B/0) 26.08%- 28.70%-
331 CU HOMELAND INS CO 30.00%- 33.24%
333 COMMERCIAL UNION COMPANIES 30.00!k 33.24?6
354 AMICA MUTUAL INS CO 33.60%- 36.20%;
356 AMICA - C 33.60%- 36.20%-
440 GREAT AMERICAN INSURANCE CO (B/0) 33.31%- 36.43%-
444 GREEN MOUNTAIN INSURANCE CO 33.31t 36.43%
455 THE HANOVER INSURANCE COMPANY 30.72%- 34.44%-
474 HOLYOKE MUTUAL INS CO 30.09%- 33.13P6
481 HORACE MANN INS CO 39.94%- 44.00t
482 HORACE MANN INSURANCE COMPANY (B/0) 39.94!k 44.00%
499 INS CO OF NORTH AMERICA 33.31%- 36.430-o
511 JOHN HANCOCK PROPERTY & CASUALTY IN 35.42%- 40.78%-
514 LIBERTY MUTUAL GROUP 30.88%- 35.42%;
529 THE CONTINENTAL INS COS 31.99%- 33.55%;
537 LUMBER MUTUAL (B/0) 33.31t 36.430-.
557 MARYLAND CASUALTY (B/0) 32.71%- 34.46-".
559 AMERICAN GENERAL COMPANIES (MARYLAN 32.71%- 34.46?6
575 MASSWEST INSURANCE COMPANY 31.70%- 33.94%-
585 METROPOLITAN PROPERTY & CASUALTY IN 35.11% 39.310-o
586 LIBERTY MUTUAL INSURANCE (B/0) 35.11%- 39 . 31?6
596 MICHIGAN MUTUAL (B/0) 33.31%- 36.43%-
602 MIDDLESEX INSURANCE COMPANY 32.67%- 37.1196
612 NATIONAL GRANGE MUTUAL INS CO 30.29%- 33.64%
630 NATIONWIDE MUTUAL INS CO 34.18% 36 . 500-o
Attachment to Bulletin 586 03/19/97
Commonwealth Automobile Reinsurers
Calendar Year 1997
Private Passenger
Interim Ceding Expense Allowances for ID Codes 4, 5
Co# Servicing Carrier Liability Phys Dam
632 NATIONWIDE INSURANCE CO (B/0) 34.18%- 36.500-o
643 AMERICAN INTERNATIONAL GROUP 33.3lP6 36.43%;
664 NORFOLK & DEDHAM MUTUAL FIRE INS CO 31.13W 35.02%
720 PEOPLES SERVICE INSURANCE COMPANY 35.24%- 39.839.
722 PHILADELPHIA INDEMINTY (B/0) 33.31% 36.430-.
723 THE PREMIER INS CO OF MASSACHUSETTS 30.11%- 34.24%-
731 PLYMOUTH ROCK ASSURANCE CORPORATION 35.13-t 38.09%;
735 PILGRIM INSURANCE COMPANY 35.13%@ 38.09%
767 ROYAL INSURANCE COMPANY OF AMERICA 33.31%- 36.43%
773 SAFETY INS CO 35.66%- 37.37%-
774 ST. PAUL FIRE & MARINE (B/0) 33.31%- 36.43%;
826 STATE FARM (B/0) 31.99%- 34.02%-
828 STATE FARM MUTUAL AUTO INS CO 31.99-t 34.02-t
889 THE TRAVELERS INS CO -COMMERCIAL 30.11%- 34.24%;
894 TWIN CITY FIRE INSURANCE COMPANY 33.31t 36.43t
897 TRUST INSURANCE COMPANY 32.03t 34.999a
907 UNITED SERVICES AUTOMOBILE ASSOCIAT 36.45% 39.8401
909 USAA (B/0) 36.45%, 39.84%
919 UNITED STATES FIDELITY AND GUARANTY 33.31%- 36.43%-
927 CRUM & FORSTER GROUP 33.31%, 36.43%-
929 U.S. FIRE INSURANCE (B/0) 33.31%- 36.43%;
948 UTICA MUTUAL INSURANCE CO 33.31% 36.43!k
952 VESTA FIRE INSURANCE CORP 33.31%- 36.43%;
953 VESTA INSURANCE CORPORATION 33.31%- 36.4301
963 WORCESTER INSURANCE COMPANY 30.78%- 33.53%
969 ZURICH-AMERICAN GROUP (B/0) 32.71%- 34.46%;
971 ZURICH-AMERICAN GROUP 32.71%- 34.46*
986 QUINCY MUTUAL (B/0) 31.10%- 32.80!k
988 QUINCY MUTUAL FIRE INS CO 31.10% 32.80!k
990 FITCHBURG MUTUAL INSURANCE CO 34.44% 38.89"-.
Industry Rate Components 33.31%- 36.43%
Attachment to Bulletin 586 03/19/97
Commonwealth Automobile Reinsurers
Calendar Year 1997
All Other Than Private Passenger
Interim Ceding Expense Allowances for ID Codes 4, 5
Co# Servicing Carrier Liability Phys Dam
011 AETNA CASUALTY & SURETY 27.10%- 31.4OP6
049 AMERICAN CASUALTY 32.88%- 35.51%-
096 AMERICAN HARDWARE MUTUAL INS CO 26.35%- 33.50!k
153 ARBELLA MUTUAL INSURANCE CO. 30.72%- 33.85%-
198 BERKSHIRE MUTUAL INS CO 27.61%- 33.500-.
209 BOSTON OLD COLONY 32.88W 35.51W
269 COLONIAL PENN GROUP 29.94P6 32.05%-
279 COMMERCE INS CO 28.72%- 34.49%-
284 COMMONWEALTH MUTUAL INSURANCE CO 29.45%- 33.40%-
309 ELECTRIC INS CO 28.81!k 33.435.
311 ELECTRIC INSURANCE CO (B/0) 28.81%- 33.430-.
331 CU HOMELAND INS CO 29.61%- 33.72%-
333 COMMERCIAL UNION COMPANIES 29.61%- 33.72?6
354 AMICA MUTUAL INS CO 31.47!k 40.20%-
356 AMICA - C 31.47%- 40.20!k
440 GREAT AMERICAN INSURANCE CO (B/0) 29.45%- 33.40%-
444 GREEN MOUNTAIN INSURANCE CO 29.45%- 33.4OP6
455 THE HANOVER INSURANCE COMPANY 28.78%- 33.260-.
474 HOLYOKE MUTUAL INS CO 28.93t 31.630-.
481 HORACE MANN INS CO 29.45%- 33.400-o
482 HORACE MANN INSURANCE COMPANY (B/0) 29.45%- 33.409.
499 INS CO OF NORTH AMERICA 26.35%- 29.2296
511 JOHN HANCOCK PROPERTY & CASUALTY IN 29.45%, 33.40W
514 LIBERTY MUTUAL GROUP 28.11%- 30.67"-.
529 THE CONTINENTAL INS COS 32.88%- 35.5101
537 LUMBER MUTUAL (B/0) 29.45!k 33.400-.
557 MARYLAND CASUALTY (B/0) 29.81%- 35.019.-
559 AMERICAN GENERAL COMPANIES (MARYLAN 29.81-W 35.010-o
575 MASSWEST INSURANCE COMPANY 35.66%- 37.25%-
585 METROPOLITAN PROPERTY & CASUALTY IN 28.51%- 36.200-.
586 LIBERTY MUTUAL INSURANCE (B/0) 28.51% 36.200-o
596 MICHIGAN MUTUAL (B/0) 29.45% 33.400-.
602 MIDDLESEX INSURANCE COMPANY 29.94?6 32.05!k
612 NATIONAL GRANGE MUTUAL INS CO 27.36%- 34.44!@.
630 NATIONWIDE MUTUAL INS CO 30.72P6 33.85%
Attachment to Bulletin 586 03/19/97
Commonwealth Automobile Reinsurers
Calendar Year 1997
All Other Than Private Passenger
Interim Ceding Expense Allowances for ID Codes 4, 5
Co# Servicing Carrier Liability Phys Dam
632 NATIONWIDE INSURANCE CO (B/0) 30.72%- 33.859.
643 AMERICAN INTERNATIONAL GROUP 29.45% 33.40?6
664 NORFOLK & DEDHAM MUTUAL FIRE INS CO 27.83%- 34.03%
720 PEOPLES SERVICE INSURANCE COMPANY 29.45%- 33.40%-
722 PHILADELPHIA INDEMINTY (B/0) 29.45t 33.40%-
723 THE PREMIER INS CO OF MASSACHUSETTS 27.10!k 31.40!k
731 PLYMOUTH ROCK ASSURANCE CORPORATION 28.71%- 34.82%-
735 PILGRIM INSURANCE COMPANY 28.71%- 34.82!k
767 ROYAL INSURANCE COMPANY OF AMERICA 34.04% 36.78!@
773 SAFETY INS CO 30.68% 36.58!k
774 ST. PAUL FIRE & MARINE (B/0) 29.45%- 33.40!k
826 STATE FARM (B/0) 29.45%- 33.40%-
828 STATE FARM MUTUAL AUTO INS CO 29.45%- 33.40%
889 THE TRAVELERS INS CO -COMMERCIAL 27.10!k 31.40%
894 TWIN CITY FIRE INSURANCE COMPANY 29.45%- 33.40%-
897 TRUST INSURANCE COMPANY 26.35% 32.95!k
907 UNITED SERVICES AUTOMOBILE ASSOCIAT 29.45%- 33.40!k
909 USAA (B/0) 29.45%- 33.40!k
919 UNITED STATES FIDELITY AND GUARANTY 31.26%- 33.18%
927 CRUM & FORSTER GROUP 35.66%- 29.22!k
929 U.S. FIRE INSURANCE (B/0) 35.66%- 29.22%
948 UTICA MUTUAL INSURANCE CO 29.45%- 33.400-.
952 VESTA FIRE INSURANCE CORP 29.45%- 33.40%
953 VESTA INSURANCE CORPORATION 29.45%- 33.40!k
963 WORCESTER INSURANCE COMPANY 27.61!k 33.50%
969 ZURICH-AMERICAN GROUP (B/0) 29.81!k 35.01!k
971 ZURICH-AMERICAN GROUP 29.81%- 35.01%-
986 QUINCY MUTUAL (B/0) 30.21!k 34.0096
988 QUINCY MUTUAL FIRE INS CO 30.21?6 34.0001
990 FITCHBURG MUTUAL INSURANCE CO 28.99!k 30.810-.
Industry Rate Components 29.45!@ 33.40?6
Attachment to Bulletin 586 03/19/97
Commonwealth Automobile Reinsurers
Calendar Year 1997
All Other Than Private Passenger
Interim Ceding Expense Allowances for ID Codes 4, 5
Co# Servicing Carrier
Liability Phys Dam
Policy Year 1997 Ceded Taxi Business
317 EMPIRE MUTUAL INSURANCE CO. 42.65%- 42.65t
734 PILGRIM INSURANCE COMPANY 42.65% 42.65?6
Policy Year 1997 Ceded Limousine Business
317 EMPIRE MUTUAL INSURANCE CO. 33.26%- 33.26%-
734 PILGRIM INSURANCE COMPANY 33.26%- 33.26%-
Policy Year 1997 Ceded Car Service Business
317 EMPIRE MUTUAL INSURANCE CO. 33.26%; 33.26?6
734 PILGRIM INSURANCE COMPANY 33.26%- 33.26?6
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