Eric,
Regal is a broker, not an insurance company. They go into the aviation insurance market and get insurance quotes for you - that's what brokers do. They are obligated to be your agent, with their duty to you, not the insurance company, so they seek the best deal for you. The price you describe is pretty low, so I suspect that you have a policy with $100,000 sublimits. That means you have only $100,000 of coverage per person who is injured. If you have any assets, that may not be enough. You might want to talk with your broker about a "smooth" policy. That has no sublimits so the full amount of the policy is available if only one or two people are injured, not $100,000 per person. The price is more expensive and some insurers won't write smooth policies for two-seat airplanes.
The insurance market is "hardening" so it's probable that prices are going up across the board. So far the people most affected are those flying high-performance piston and turbine airplanes.
