NU Online News Service, Jan. 8, 3:32 p.m. EST

Neither an attempted terrorist attack nor the lowest airline fatalities in more than 60 years is likely to dramatically impact airline insurance rate trends, according to brokers.

Regarding the recent failed terrorist bombing of a jetliner that a Nigerian man has been charged with, Steve Alexandris, Aon's senior vice president, airline practice leader for the United States, said, "The market reacts to hard losses. Until an event occurs and there is an impact on a company's loss ratio, there will not be an affect on capacity. That is what drives a hard and soft market."

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