PREMIUM NEWS ARCHIVE
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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