US property premiums to continue to fall
US property premiums are expected to continue to fall, according to the latest report by broker Aon. It said that although the third quarter of 2004 saw the highest quarterly insured losses ever in the US following a season of multiple hurricanes, buyers of US property insurance should still expect to see moderate decreases at their renewal in 2005.
Aon's 2005 US Property Report, 'The Calm After the Storms', also indicated that the uncertainty around the reauthorisation of TRIA (Terrorism Risk Insurance Act) could serve to destabilise theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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