NU Online News Service, Sept. 28, 4:14 p.m. EDT
The combination of slowing price increases among a decreased number of air carriers indicates that the airline insurance marketplace may be stabilizing overall, according to a report from Aon.
In its "Airline Insurance Market Indicators 2010/11" report, insurance broker Aon said lead hull and liability premiums have risen an average of 7 percent during the first half of this year compared to 2009. More than 60 percent of the renewals experienced premium increases in 2010 compared to 80 percent last year for the same period.
"The slowing level and falling proportion of increases suggests that the market is stabilizing," according to the report.
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