Clubs detail 2013 changes

Anumber of the P&I Clubs have announced increases for 2013, ranging from 5% to 15%. At the top end, the North P&I Club has decided on a 15% general premium increase for next year together with moderated payment terms. The club said the increase reflected the board’s commitment to maintaining the financial health and stability of the club in the face of rising claims and continuing low investment returns.