2013 airline rates to plummet as renewals hit full throttle
As the airline insurance market prepares for the major Q4 renewals, it is understood that brokers are using a 10 percent risk-adjusted discount as a starting point for negotiations, with top quality prestige accounts sporting exemplary loss records achieving reductions of up to 20 percent or more in exceptional circumstances.
The prospective reductions come on top of consecutive price declines in preceding years as abundant industry capacity has chased business that, due to the absence of large claims, has produced...
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