UmialikXpress

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Agency Bulletin

December 13, 2022

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Umialik Insurance Personal Auto Rate Revision – Eff. 01-15-2023

Products Impacted:
      Signature Auto
      Select Auto

Inflation and supply chain issues have caused a significant increase in the average cost of personal auto claims across the industry. These market issues have resulted in continuously rising severity of personal auto claims for Umialik customers, and our new auto products are not immune. Adjustment to our rates is a necessary part of addressing the impact of these increased costs.

Effective January 15, 2023, rates will increase slightly in our Select and Signature Auto products. The exact premium impact by policy will vary based on the specific characteristics of the insured exposure.

Please contact your Personal Lines Underwriter or Regional Agency Manager with any questions.

Thank you for your continued partnership!