NU Online News Service, April 16, 11:10 a.m. EDT
The airline industry paid about 20 percent more on average for lead hull and liability prices in 2009, but those increases are expected to slow, thanks to an improved economic picture for the insurance industry, according to a report from Aon.
Chicago-based insurance broker Aon Corp. released its airline insurance market outlook report for 2010, saying that while the industry experienced double digit increases, those increases were not enough to cover the "significant claims that occurred during the year."
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