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The members will now have received letters setting forth premium and bonus levels for 2010.
Due to the intense activity level, along with many expensive cases, the premium for next year will be subject to a 2.7 % general increase. Our hope is that members will understand the need for this adjustment.
It should be noted that our increase is very modest in comparison with our competitors, as recently reported in the attached Tradewinds article. While some clubs are opting for a 20 % rate increase, others are not far behind.
Our aim is to continue to provide high quality service while at the same time keeping premium levels at a stable and predictable level.
Tradewinds article.
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