Consolidation in the airline industry and pushed-back renewal dates has created a concentration of renewal activity, but at reduced premiums, in the final six weeks of 2013.
While most of the insurance industry is experiencing rate increases, airline-industry risks are seeing a pricing drop thanks primarily to improved safety, says Aon.
While most of the insurance industry is experiencing rate increases, airline-industry risks are seeing rates drop thanks primarily to improved safety, says Aon.
The airline industry paid about 20 percent more on average for lead hull and liability prices in 2009, but those increases are expected to slow, thanks to an improved economic picture for the insurance industry, according to a report from Aon.