P&C Insurers: Special Data Call for Comparative Rates

New Hampshire Insurance Department NOTICE TO ALL PROPERTY AND CASUALTY INSURERS AUGUST 23, 2007 DOCKET NO.: INS NO. 07-070-IN SPECIAL DATA CALL FOR COMPARATIVE RATES Homeowners and Personal Automobile insurance products are available to New Hampshire consumers from many companies writing business in the state. The New Hampshire Insurance Department intends to join many other states in offering consumers simple premium exhibits to allow them to compare rates when shopping for these personal lines policies. To that end, I am directing all property & casualty insurers licensed by New Hampshire who write personal automobile or homeowners’ policies in the state to respond to a special data call. The data call consists of two reports (one for personal automobile and one for homeowners’) and requires premium amounts for various defined risks in various locations around the state. In addition, after the initial data call, when an insurer makes a personal auto or homeowners’ rate filing that affects any of the reported premiums, they will be required to re-submit the reports as part of the filing process. This new requirement will be added to the filing requirements published by the Department. The reports and instructions can be found on the Department’s website www.nh.gov/insurance/. The reports are available as Excel spreadsheets, and completed reports should be submitted to the Department in this form. Reports are due to the Department by October 15, 2007. Questions about the reports and the process for submitting them to the Department should be directed to Deborah Stone, P&C Actuary, (603) 271-7973 x258 or deborah.stone@ins.nh.gov.