Available Now: State Filings Statistics and Trends through December 2024
- Written By Brett Horoff
Perr&Knight has released the December 2024 edition of State Filings Pulse with the latest filing statistics by state. Below is a summary of key filing statistics through December 31, 2024. To obtain a free copy of the publication on a quarterly basis, please register at the following link: https://www.perrknight.com/insights/guides-white-papers/state-filings-pulse/
Time to Approval/Disposition by State
The tables below summarize the approval/disposition times by state for rate filings and excluding rate filings (all other filings) during the 12-month period spanning January 1 to December 31, 2024. Rate filings include filings with non-zero rate impact.
The latest edition of State Filings Pulse also includes data from January 2020 through 2024, providing a longer-term perspective on the time to approval/disposition based on more than twelve months of data, as well as other state filing statistics to help insurance companies make better-informed decisions.
Percentage of Rate Filings with Approved Rate Change Less than Proposed Rate Change Rate Filings
The tables below summarize the percentage of rate filings with approved rate change less than proposed rate change by state during the during the 12-month period from January 1 to December 31, 2024. This percentage provides the probability that an insurer will reduce the proposed rate change after submission. When this happens, the state most often requests it due to differing opinions on the needed rate change. Occasionally, an insurer may decide to reduce a proposed rate change after filing submission as more current information becomes available on the needed rate change.
Download Your Copy of State Filings Pulse
All the information above – plus many more state-specific statistics compiled by our expert state filings support team – is now available in the December 2024 edition of Perr&Knight’s State Filings Pulse publication. Please use the link above to obtain your free copy of State Filings Pulse. Contact Perr&Knight with any questions.
