Join Date: Dec 2008
Location: Calgary, AB, Canada
Thanked 67 Times in 62 Posts
Rep Power: 8
Re: Sailboat perishes off Hatteras, USCG rescues crew
So rates will not be going up due to all the losses from Super Storm Sandy?
Similarly, if an insurance company sustains a number of significant losses paid out, there is no need to raise premiums?
Wow, I am learning something new every day!
My point was that ALL insurance rates will be affected, not just Boat US.
ISPA Yachtmaster Ocean Instructor Evaluator
Sail Canada Advanced Cruising Instructor
IYT Yachtmaster Coastal Instructor
ASA 201, 203, 204, 205, 206, 214
As I sail, I praise God, and care not. (Luke Foxe)