NU Online News Service, April 15, 1:03 p.m. EDT
Writers of airline insurance are taking a tough stand on renewals that translates into average premium increases of 5 percent so far this year, according to a report issued by Aon insurance brokerage.
Of 10 renewals placed so far this year, only three saw any reductions. The three that experienced reductions either forecasted major reductions in passenger exposures or considerable changes in risk profile, the firm said.
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