NU Online News Service, June 1, 2:39 p.m. EDT

Premium for the aerospace insurance market is down for the fourth year in a row as capacity remains high, but buyers are being warned that the soft market direction won’t last, says insurance broker Aon.

In a report issued today, Chicago-based Aon says lead premium for 2010-2011 insurance policies for the sector dropped $23 million to $774 million. This marks a 17 percent drop over the last four years, says Aon.

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