Printed from BusinessInsurance.com

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

Posted On: Nov. 11, 2019 5:57 AM CST

Tanker

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

Read more.