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Marine insurer North of England P&I Association plans for a 7.5% general increase in protection and indemnity and freight, demurrage and defense premiums at February 2020 renewals, Hellenic Shipping News Worldwide reports. The club said it needs to raise rates to cover rising International Group Pool claims and premium erosion.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms