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These excerpts taken from the HRZ 10-K filed Feb 5, 2009. No Assurance
Can Be Given That Our Insurance Costs Will Not
Escalate.
Our protection and indemnity insurance (“P&I”) is
provided by a mutual P&I club which is a member of the
International Group of P&I clubs. As a mutual club, it
relies on member premiums, investment reserves and income, and
reinsurance to manage liability risks on behalf of its members.
Increased investment losses, underwriting losses, or reinsurance
costs could cause international marine insurance clubs to
increase the cost of premiums, resulting not only in higher
premium costs but also higher levels of deductibles and
self-insurance retentions. Our coverage under the Longshore Act
for U.S. Longshore and Harbor Workers compensation is
provided by Signal Mutual Indemnity Association Ltd. Signal
Mutual is a non-profit organization whose members pool risks of
a similar nature to achieve long-term and stable insurance
protection at cost. Signal Mutual is now the largest provider of
Longshore benefits in the country. This program provides for
first-dollar coverage without a deductible.
No Assurance
Can Be Given That Our Insurance Costs Will Not
Escalate.
Our protection and indemnity insurance (“P&I”) is
provided by a mutual P&I club which is a member of the
International Group of P&I clubs. As a mutual club, it
relies on member premiums, investment reserves and income, and
reinsurance to manage liability risks on behalf of its members.
Increased investment losses, underwriting losses, or reinsurance
costs could cause international marine insurance clubs to
increase the cost of premiums, resulting not only in higher
premium costs but also higher levels of deductibles and
self-insurance retentions. Our coverage under the Longshore Act
for U.S. Longshore and Harbor Workers compensation is
provided by Signal Mutual Indemnity Association Ltd. Signal
Mutual is a non-profit organization whose members pool risks of
a similar nature to achieve long-term and stable insurance
protection at cost. Signal Mutual is now the largest provider of
Longshore benefits in the country. This program provides for
first-dollar coverage without a deductible.
No Assurance
Can Be Given That Our Insurance Costs Will Not
Escalate.
Our protection and indemnity insurance (“P&I”) is
provided by a mutual P&I club which is a member of the
International Group of P&I clubs. As a mutual club, it
relies on member premiums, investment reserves and income, and
reinsurance to manage liability risks on behalf of its members.
Increased investment losses, underwriting losses, or reinsurance
costs could cause international marine insurance clubs to
increase the cost of premiums, resulting not only in higher
premium costs but also higher levels of deductibles and
self-insurance retentions. Our coverage under the Longshore Act
for U.S. Longshore and Harbor Workers compensation is
provided by Signal Mutual Indemnity Association Ltd. Signal
Mutual is a non-profit organization whose members pool risks of
a similar nature to achieve long-term and stable insurance
protection at cost. Signal Mutual is now the largest provider of
Longshore benefits in the country. This program provides for
first-dollar coverage without a deductible.
No Assurance Can Be Given That Our Insurance Costs Will Not Escalate. Our protection and indemnity insurance (“P&I”) is provided by a mutual P&I club which is a member of the International Group of P&I clubs. As a mutual club, it relies on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause international marine insurance clubs to increase the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions. Our coverage under the Longshore Act for U.S. Longshore and Harbor Workers compensation is provided by Signal Mutual Indemnity Association Ltd. Signal Mutual is a non-profit organization whose members pool risks of a similar nature to achieve long-term and stable insurance protection at cost. Signal Mutual is now the largest provider of Longshore benefits in the country. This program provides for first-dollar coverage without a deductible. No Assurance Can Be Given That Our Insurance Costs Will Not Escalate. Our protection and indemnity insurance (“P&I”) is provided by a mutual P&I club which is a member of the International Group of P&I clubs. As a mutual club, it relies on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause international marine insurance clubs to increase the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions. Our coverage under the Longshore Act for U.S. Longshore and Harbor Workers compensation is provided by Signal Mutual Indemnity Association Ltd. Signal Mutual is a non-profit organization whose members pool risks of a similar nature to achieve long-term and stable insurance protection at cost. Signal Mutual is now the largest provider of Longshore benefits in the country. This program provides for first-dollar coverage without a deductible. No Assurance Can Be Given That Our Insurance Costs Will Not Escalate. Our protection and indemnity insurance (“P&I”) is provided by a mutual P&I club which is a member of the International Group of P&I clubs. As a mutual club, it relies on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause international marine insurance clubs to increase the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions. Our coverage under the Longshore Act for U.S. Longshore and Harbor Workers compensation is provided by Signal Mutual Indemnity Association Ltd. Signal Mutual is a non-profit organization whose members pool risks of a similar nature to achieve long-term and stable insurance protection at cost. Signal Mutual is now the largest provider of Longshore benefits in the country. This program provides for first-dollar coverage without a deductible. These excerpts taken from the HRZ 10-K filed Feb 6, 2008. No Assurance
Can Be Given that Our Insurance Costs Will Not
Escalate.
Certain of our insurance coverage is provided by mutual clubs.
Mutual clubs rely on member premiums, investment reserves and
income, and reinsurance to manage liability risks on behalf of
its members. Increased investment losses, underwriting losses,
or reinsurance costs could cause insurance clubs to
substantially raise the cost of premiums, resulting not only in
higher premium costs but also higher levels of deductibles and
self-insurance retentions.
No Assurance Can Be Given that Our Insurance Costs Will Not Escalate. Certain of our insurance coverage is provided by mutual clubs. Mutual clubs rely on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause insurance clubs to substantially raise the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions. This excerpt taken from the HRZ 10-K filed Mar 2, 2007. No assurance can be given that our insurance costs will not escalate.
Our protection and indemnity insurance (“P&I”) is provided by a mutual P&I club which is a member of the International Group of P&I Clubs. As a mutual club, it relies on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause international marine insurance clubs to substantially raise the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions.
This excerpt taken from the HRZ 10-K filed Mar 6, 2006. No assurance can be given that our insurance costs will not escalate.
Our protection and indemnity insurance (“P&I”) is provided by a mutual P&I club which is a member of the International Group of P&I Clubs. As a mutual club, it relies on member premiums, investment reserves and income, and reinsurance to manage liability risks on behalf of its members. Increased investment losses, underwriting losses, or reinsurance costs could cause international marine insurance clubs to substantially raise the cost of premiums, resulting not only in higher premium costs but also higher levels of deductibles and self-insurance retentions.
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