TT Club Steers Prudent Course Through Rough Seas Of 2008 Trading conditions in 2008 have been by far the most challenging TT Club has experienced in recent years. Premium rates declined due to soft insurance market conditions. Claims rose and drove up reinsurance costs. Operating expenses also increased due to the weakness of the US dollar against sterling in the first part of the year and as a result of certain exceptional items also incurred during the year.
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Quay Crane Boom Anti-Collision Systems Could Save Millions, Says TT Club TT Club said it has received more than 100 claims in the past two years resulting from the booms of quayside cranes hitting vessels. These collisions vary from minor impacts with the vessel bridge to one incident that cost about $2 million through the combination of damage to the crane boom and the vessel's crane, as well as major business interruption due to the quayside crane being out of service for six months.
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TT Club To Work With PEMA On Safer Port Equipment TT Club has agreed to work with Port Equipment Manufacturers Association (PEMA) to promote best practice in designing safe port operating equipment worldwide.
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