Stand-alone terrorism insurance rates may be plummeting for many risk managers, but even as capacity expands, coverage for some markets remains exceedingly expensive amid scant availability, an insurance brokerage analysis reveals.
The report–”Stand-Alone Terrorism Market Update”–comes from Aon Crisis Management in London, a member of the Chicago-based Aon Corp.
Aon's study said worldwide rates for stand-alone, carved-out coverage have fallen 50-to-60 percent since 2002, while capacity has increased by around 20 percent.
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