On Mon, 30 Jul 2007 15:18:23 -0700, Akka
wrote:

How does one know how reliable insurance underwriters are? We're
offshore cruisers, so we need international coverage on our boat. Our
current policy costs more than 4% of the agreed value of our boat, but
it's from Pantaenius, which we believe to be reliable. We looked
around for a more reasonable quote and got one from Yachtlink -- just
over 2% of agreed value. Trouble is, the underwriters appear to be a
Russian company called Sogaz. This isn't very reassuring, and it's
not clear to us how we would ever hold them to honor a claim. Does
the fact that the broker is in California help us, legally? Is there
any way to determine whether specific underwriters honor their
obligations?

Contact Al Golden, president of IMIS at

http://www.insurancejournal.com/news...6/17/29894.htm