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The loss of Air France Flight 447 off the coast of Brazil could have a hardening effect on aviation insurance rates, an aviation insurance expert said, but the full impact probably won’t be known until year’s end.

Magnus Allan, Aon Aviation Analyst in London for the Chicago-based insurance broker, said the latest air disaster could push “hard market sentiment further” and will probably produce some “very, very difficult negotiations” at year-end renewal time.

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