Editor's Note: This article originally appeared in National Underwriter, P&C.
Claims for the airline insurance market are expected to outpace premiums for 2010 exceeding $2 billion, for only the third time since 1996, according to a report from Aon Analytics.
Aon Analytics, a subsidiary of Chicago-based insurance broker Aon Corp., said if the current trend continues in premium pricing, the airline insurance market liability premium could reach slightly more than $1.95 billion. However, the loss estimate for the market is expected to exceed $2 billion. It is the consecutive year that claims have breached that level, Aon said.
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