West of England Club is to impose a 2.5% general increase in the P&I Class at the 2020 renewal, while keeping FD&D general increase to 0%. There will be no change to general deductible levels.
CEO Tom Bowsher said that it had become clear that premium levels had been “steadily eroded to a point where they are no longer sustainable and do not adequately cover expected claims costs”.
He also noted that…
View entirety: Insurance Marine News