DM Insurance

[fantasea]

Thrown,

SSI was considerably less than VB for this year's Ins. premiums. As far as we've been told it was because their contract extended past a period that VB had (ass VB had to renegotiate a new contract this year). Next year, the SSI contract expires, and they will need to renegotiate it's Ins. premiums and the cost is expected to rise considerably to meet what current market levels are at, if they wish to provide similiar levels of coverage.

Besides the events of last year effecting premiums as a whole, the insurance industry regarded the premiums as underpriced for many years. For good or bad, its now it is all catching-up. This is a very big issue and concern to most dive professionals and dive operators who pay an even larger premiums to cover their operations in addition to their individual instructor/divemaster coverage.

Seeing premiums go down is not likely to happen.