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Cameroon crash unlikely to affect airline rate drop; Liability depends on nationality, ticket of passengers.(International News)(Kenya Airways)

Article from: Business Insurance Article date: May 21, 2007 Author: Shapiro, Stacy

Byline: STACY SHAPIRO

DOUALA, Cameroon-The crash of a nearly new Kenya Airways Boeing 737-800 jetliner in the swamps of Cameroon earlier this month killed 114 passengers and crew in what was the ninth insured airline incident this year.

The crash is not expected to change the continued decline in insurance rates in the aviation market, market observers say.

Rates should continue to slide in double digits as they did in the last quarter of 2006 when more than 70% of the world's airlines renewed their ...

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