Aviation rates stabilise despite losses
The cost of aviation insurance is stabilising or even falling in real terms, Aon has noted in its Airline Insurance Market Indicators report for 2010/11. This is despite an average 7 percent increase in lead hull and liability rates between January and July 2010.
"The losses in the airline industry during the last couple of months might be expected to have hardened the airline insurance market," said Simon Knechtli, aviation leader at Aon Risk Solutions.
According to Knechtli however, in...
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