After two months of increases on renewals, airline hull and liability insurance has taken a soft market turn, but that is not universal for all customers, according to a report issued by Aon.
The insurance brokerage firm's report on the airline insurance market in October showed a decline to negative-10 percent, following two months of increases, the Chicago-based insurance brokerage firm said.
Aon said the results might indicate a slight firming in the marketplace, but when a 25 percent increase at one large airline carrier is factored out, the figure would have stood at negative-14 percent. That result would have coincided with the general 2007 trend the industry has seen in that line.
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