Originally posted by Bill Vargas
OK.
So now back to the Original Question,,, what really caused the dues to increase?
Certainly not the size, the speed or the pilot at the controls,,,
Could it be, Inflation?
BV
Bill,
You are partly right, mostly right, and close to right all in one post! <G>
The size and speed of any models covered under AMA insurance has absolutely nothing to do with the claims or the new insurance rates. However, the raw number of claims settled under the Self Insured Reserve has created a shortage in that fund that is created by our dues.
The insurance cost (secondary policy) has gone up, and will probably go up next year.
Inflation has not been addressed in several years.
The place where you are close to right has do to with unfunded Muncie development projects that finally got funded.