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05-Nov-2009 5:30 AM

Aircraft insurance headline premiums up 30% after 2009 losses "highest in history"

Analysis

Willis Aerospace, reporting on insurance premium renewals for the October month - the beginning of the annual renewal cycle - has reported a substantial increase in premiums for the month, after the most costly year ever for insurers. But even though the headline premium increase is very high, Willis says fleet values have inflated this, with the actual increase around 17%.

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