Skuld applies 5% General Increase for 2010
Tagged: P&I
Renewals on all mutual classes will be subject to a general increase of 5% for 2010, although Members will be individually rated based on their loss record and risk exposure.
At the same time, the Club is seeking an increase in deductibles of a minimum USD2,500.
Any changes in the Club’s reinsurance costs will be applied to Members.
The 2006 policy year is now closed, and no further calls are currently expected for 2007 and 2008.
Release calls for the open policy years are set at 10% for 2007, 25% for 2008, 25% for 2009 and 25% for 2010.
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