A lifeboat organisation is the latest group to blame its financial woes on rising insurance premiums.
The Solent Sea Rescue Organisation has announced that its future may hang in the balance after being hit by a £19,000 increase for the cost of its employers' liability insurance.
While this year's £45,000 premium has been met by local council grants, the organisation claims there is little finance left to run its operation this year.
Lifeboat member Don Wright told the Daily Mail: "The original insurer refused cover and now we are split between two companies. When we asked the broker why the cost had gone up by so much we were told it was due to September 11."
However the ABI said that the financial drain on the market is the main reason for the EL crisis. ABI spokesman Malcolm Tarling said: "For every £1 insurers' have taken in premiums for employer liability cover, they pay out £1.50.
"Insurers haven't made a profit on employer liability for the last ten years."
NFU Mutual chief actuary Sid Gibson agreed, saying: "Employer liability is our worst performing line of business and has lost us more money than anything else."
