Updates to Strata rates to soon take effect
March 19, 2025
Personal Lines
Gore Mutual is adjusting Strata rates to support pricing stability and target segment alignment. A rate increase takes effect March 28 for new business and May 27 for renewals.
What’s new
In line with our commitment to refine our pricing, we are adjusting Strata rates to better align with our target segments and to address evolving market conditions.
Strata rate changes
Customers can expect to see an average rate change of 12%, though individual customer impacts may vary based on specific risk factors.
Effective dates
•New business: March 28, 2024
•Renewals: May 27, 2024
How this affects you
•When quoting Strata policies with effective dates on or after the above timelines, the new rates will automatically apply in Guidewire.
•Individual customer rate impacts will depend on factors such as location and earthquake exposure, and the customer’s own risk profile.
Questions?
For further inquiries, please contact us at 1-844-974-GORE (4673).
What’s the latest?
Guidewire enhancements to help streamline your workflow
November 13, 2025
We’ve added two new Guidewire enhancements to make your workflow easier. You can now upload documents directly into Guidewire, keeping everything centralized and speeding up processing. Plus, you’ll receive automatic email notifications when referred activities are completed, with policy details and a direct link—so you stay informed in real time.
Build trust with every submission: The power of accurate data
November 13, 2025
In a competitive market, trust and speed matter. Submitting accurate data isn’t just a requirement; it’s a strategic advantage. It helps ensure correct premium rating, accurate risk assessment, and sets the stage for stronger client relationships and faster quoting.