A report on airline insurance finds prices appear to be taking a slight up-tick while losses are hovering around 10 percent higher than last year, according to insurance broker Aon.
The Chicago-based firm's Aviation and Aerospace unit issued its monthly news letter, saying while June is not the best indicator of the market direction for the rest of the year, there are signs premium pricing is on the upswing, but slightly.
By the end of June, 65 percent of the total annual premium for the airline industry was reached. If the current trend holds for 2008, premium per renewal for the airline insurance industry will be $4.62 million compared to $4.6 million last year.
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