Hull and liability premiums for airlines were flat in July as insurers took strong negotiating positions and reductions appeared to be the exception rather than the norm, according to a market report from the insurance broker Aon Aviation.
Of the month's renewals, 11 received a reduction in coverage, three received increases of 5-10 percent, and the remaining 14 saw increases of more than 10 percent.
July has been the most active month, with 46 percent of hull and liability premium renewed this year. With four more renewals expected, Aon said it is possible August could close representing half of the total premium collected in seven months.
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