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International

UK P&I Club to raise rates 7.5%, tighten underwriting

November 11, 2019 Reprints

Ship insurer U.K. Protection & Indemnity Club will raise its rates 7.5% at 2020 renewals to account for current premiums that are not enough to cover claims and expenses, Hellenic Shipping News Worldwide reported. Additionally, the standard deductible will increase from $12,000 to $15,000 per event, including fees and expenses

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UK P&I Club to raise rates 7.5%, tighten underwriting

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