NU Online News Service, March 23, 2:50 p.m. EDT
The long-term effects of Japan’s disaster on the insurance market remain unclear, but there are indications that some firming is taking place for risks in catastrophe-prone areas, say executives from insurance broker Aon Corp.
In a webinar today discussing the insurance and risk management implications for clients in Japan and others affected by the March 11 earthquake and tsunami, Ted Hodgkinson, chief broking officer, Asia, Aon Risk Solutions, says the early indications are that, excluding Japan, there are moderate increases between 0 and 25 percent on April 1 treaty renewals. This is due to capacity outstripping demand.
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