Despite a number of terrorism incidents around the world, and the worst year on record for natural disasters, international property rates continue their slide, except in the United States, according to a report from insurance broker Aon.
The firm's first Global Market Property Tracker report, out of its London office, found that the average rate for international property risks witnessed a reduction between 14- and 17 percent over the course of 2005.
Aon said U.S. non-marine property rates moved from an average midyear decrease of 10 percent to an average increase of 37 percent by the year end in the wake of Hurricanes Katrina, Rita and Wilma.
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