For months now, AIG Salvage has shown only one listing. Guess I’m a little slow on the uptake, but I finally opened the only listing and it says,”AIG is now using Underwriters Salvage Company for all their salvage aircraft”. The only sailplanelisted is a 1-35 with a twisted fuselage.
JJ
And it doesn't show up if you filter for "Gliders". Another service going to heck. But, on the plus side, our rates are going up. Bigly. That last bit was dripping with sarcasm, by the way.
On 10/1/2023 11:47 AM, Steve Leonard wrote:
And it doesn't show up if you filter for "Gliders". Another service going to heck. But, on the plus side, our rates are going up. Bigly. That last bit was dripping with sarcasm, by the way.We just got a renewal quote from our current insurance carrier and they
want about 50% more in premium than last year. Is that across the
industry or should we shop around?
On Monday, October 2, 2023 at 12:54:57 AM UTC-5, Moshe Braner wrote:year (got that reduced by increasing my deductible from 1% to 1.5%), cars up 20% from a year ago. And I have had ZERO claims or changes of status. Insurance companies are being hit hard, and passing it all along to us. They have to not only recover from
On 10/1/2023 11:47 AM, Steve Leonard wrote:That is more than any of mine went up through Costello or other policies. Hangar replacement and Premise Liability are both up, about 25 to 40%, respectively, and my gliders policy is up about 20%. Homeowners through another company went up 30% this
And it doesn't show up if you filter for "Gliders". Another service going to heck. But, on the plus side, our rates are going up. Bigly. That last bit was dripping with sarcasm, by the way.We just got a renewal quote from our current insurance carrier and they want about 50% more in premium than last year. Is that across the
industry or should we shop around?
Steve Leonard
Took a bunch of pictures of our trees and then sent a letter telling us we had 60 days to cut down 3 trees,I doubt that lawyers are the cause; instead, it's the increasing likelihood of fire, destructive weather, and the increasing cost of reinsurance for the retail insurers. From Reuters:
Rather than cut down the trees, we need to start harvesting lawyers and rendering them into Sustainable Aviation Fuel.
On Thursday, October 5, 2023 at 2:05:26 PM UTC-7, Mark628CA wrote:hurricanes.
Took a bunch of pictures of our trees and then sent a letter telling us we had 60 days to cut down 3 trees,I doubt that lawyers are the cause; instead, it's the increasing likelihood of fire, destructive weather, and the increasing cost of reinsurance for the retail insurers. From Reuters:
Rather than cut down the trees, we need to start harvesting lawyers and rendering them into Sustainable Aviation Fuel.
"LONDON, July 3 (Reuters) - U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and
Reinsurers insure insurance companies, and have been raising rates in recent years because of steepening losses, which industry players put down in part to the impact of climate change. Higher reinsurance rates can affect the premiums which insurerscharge to their customers."
Where I live (eastern Washington State), and where you live, don't have the fire and storm dangers, so we will be spared these huge increases. Of course, we are susceptible to increasing replacement costs for buildings, so we'll see some rise inpremiums.
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