If the real estate market hoped for good news about insurance rates, it was sorely disappointed with news from a group of Aon executives yesterday.
In a Web presentation on insurance topics, three Aon executives painted an unattractive picture of rising rates and diminished capacity in catastrophe-prone regions, with minimal relief in sight.
Kevin Madden, managing director with the Chicago-based insurance broker's national real estate practice; Richard Miller, managing director of Aon national property brokering; and Aaron Davis, director, Aon terrorism & property resources, presented the Web session titled “Real Estate Property Insurance: Crisis or Hysteria?”
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