This year’s renewal season has begun – earlier this week members should have received a values survey e-mail with a link to renewal questions and schedules.
Members may also notice changes to the renewal questions – designed to assist VRSA in continuing to provide the protections our members need in an ever-changing environment. Many of these relate to law enforcement, sexual abuse, and cyber liability as these emerging issues are impacting the reinsurance market nationwide.
“While the last few years have been challenging for us all, rest assured that VRSA continues working with members to adapt to new and existing challenges and a changing environment,” says VRSA Managing Director Marcus Hensel.
VRSA remains committed to financial strength and rate stability. We are positioned to deliver on our promise to pay when things go bad, and to continue our tradition of providing the outstanding service you have come to expect.
Proposals will be released in the order in which the renewal information is received, and those that have been received will be released by April 15. Proposals will include price information as well as paperwork required for binding. We urge you to return this paperwork as soon as possible or by June 1, so we can bind and invoice coverage for the next year.
VRSA is here to ease your worries. Thank you for your continued membership.