Insurance Age

The predicted level of losses from the ..

The predicted level of losses from the 2004 hurricane season may not reverse the trend of declining insurance rates, according to Aon. Total insured losses from the four storms to hit the US are likely to range between $20bn and $25bn. While the impact of the losses on the UK insurance industry is yet to be revealed, premiums are unlikely to rise for UK companies unless they have global insurance programmes with exposures in North America.

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