West of England P&I Club sets General Increase for 2010
Tagged: P&I
The board of the West of England P&I Club has decided to increase Members’ advance calls by no less than 5% for 2010 P&I renewals, and will seek specific increases from those members with adverse claims records. In addition the reinsurance costs will be payable at its actual cost.
The forecast additional call for 2010 is 30% and the release call is 30% of the advance call.
The Club will also increase all deductibles by 10%, with a minimum increase of USD1,000.
Regarding the FD&D entries, a general increase of 10% will apply to all advance call rates, with 30% forecast additional call and 30% release call.
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