Pricier P&I cover may prove a tipping point
After five years of reluctance to increase premiums, P&I clubs finally bit the bullet and asked for more money in this year’s renewal round. While they did not get as much as they may have hoped for, the precedent has been set, and things do not look like becoming any cheaper next time
Pressures on insurers are not going to go away, with bigger casualties meaning there is no sign of a slowdown in the number of pool claims, and the coronavirus outbreak will complicate matters further
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