Willis, a risk management and insurance intermediary, recently released an analysis of the Protection and Indemnity (P&I) line of insurance for 2007/2008, saying that the year could have the worst ever claim history on record.

The study, called Protection and Indemnity Market Review, contains financials and claim information broken down into “clubs” that have member countries or regions. It showed that 2007/2008 registered the highest recorded level of international outstanding P&I claims. Those facts were evident for the American club, which had net paid claims increase by 23 percent and net outstanding claims top $24 million. Large gains in investment income, which nearly doubled, helped compensate for the negative effects, however.

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