Rate Increases Filed with DOI Average 10.8% in June and July

A total of 56 carriers, including Zurich American Insurance Co., filed revised rates with the California Department of Insurance in June and July that, on average, call for 10.8% pure premium increases.Zurich American Insurance Co., which filed for an 8.3% increase in pure premiums in June, is the largest carrier to file for an increase. Insurance Department data says Zurich had $227.6 million in written premium in 2011 and was the 6th largest carrier with a 2.9% share of the market.State Compensation Insurance Fund, the largest carrier in the state with written premium of $1 billion and a 12....