Chicago-based Aon said that for accounts placed between January and July 2010, lead hull and liability premiums rose on average 7% over 2009.
More than 60% of accounts placed so far this year have seen a premium increase, compared with 80% of accounts at this point last year, Aon said. That trend suggests the cost of aviation insurance is stabilizing or falling in real terms after 11 consecutive quarters of price increases, the broker said.
Update: Wrote the original headline a little too fast on this one. The headline indicated that rates were increasing. The story implies rates are flat, perhaps decreasing, as reader JN noted.