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Airline Premium Decreases Will Halt: Aon

Despite a declining loss trend, the drop in airline insurance rates will likely be halted as reinsurers harden prices to account for hurricane claims, ...

By Daniel Hays | Updated on March 11, 2005

Despite a declining loss trend, the drop in airline insurance rates will likely be halted as reinsurers harden prices to account for hurricane claims, according to a brokerage firm report.

The analysis was contained in London-based Aon Ltd.’s “Airline Insurance Market Review,” which predicted the current drop in airline insurance premium costs will slow during the October-to-December renewal season, despite a good safety record for this year.

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