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  • Power & Motoryacht

    Policy Pains

    Apr 14, 2020 3 minutes
    —Bob Arrington

    he yacht insurance business is a risk/reward proposition. If the risk and reward for insurance companies are kept in balance, everyone is happy. If they get out of balance, everyone pays. When insurance underwriters incur losses beyond a tolerable level, they pull back from the market. Supply and demand dictate any reduction in companies writing yacht insurance, and both can subsequently increase boaters’ premiums. This is the situation we find ourselves in at

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