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.

Related Summaries