
Why you may be seeing rate increases in the Marine Insurance Marketplace. We hear clients asking why are my rates going up….I’ve never had a claim; Or, Why is it going up 20% or 30%. Some policies are being non-renewed by the insurance company and the agency, (Gallagher Charter Lakes is a Specialty Marine Agency) is letting the insured know they are being non-renewed and are searching for alternative companies to offer coverage. Marine insurance stated back in the 1680’s in a little coffee shop in England; Edward Lloyd’s coffee shop. From there, Lloyd’s became the world’s leading market for... Continue Reading