Subscribe to RSS feedTT Club's premium in doubt
by
Obsidian
—
last modified
Apr 02, 2009 12:00 AM
TT CLUB, the maritime and land transport mutual, does not expect insurance rates to harden until 2010 at the earliest, as this year's hoped for upturn failed to emerge.
A front-loaded claims arena last year, with major container crane damage at Southampton and Felixstowe in the first quarter, saw the London-based TT Club record an overall 2008 net deficit of US$5.3m, compared with a surplus of US$8.3m the year...
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