Report: Aviation insurance rates have dropped 10% this year

12/19/2012 | Business Insurance (tiered subscription model)

Rates for lead hull and liability aviation insurance have declined 10% on average during 2012, according to an Aon report. Forty more programs are expected to be placed by year-end, Aon said. "Much of the catalyst for the reductions is through insurers' challenge to meet broader plans for forecast targets in what is a profitable market as a result of the low level of claims in the industry over the last two years," Aon says.

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