The London Club calling for 5% General Increase
The Club’s Committee has decided to apply a 5% increase for the 2010/2011 Policy year, prior to further adjustments based upon individual records.
Any adjustment to the reinsurance cost of the Club will also be applied to Members.
The Release call rate is set at 15% of Advance Call.
Additionally, all deductibles currently below USD15,000 will be increased by USD2,000.
As far as previous years are concerned, 2007 is closed without further call, and no further call is anticipated for 2008 and 2009.
The release call for 2009 is reduced to 20% Advance call, whereas the rates remain unchanged for the other open years.
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