Aviation industry expects double-digit insurance premium hikes after 737 MAX grounding
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MONTREAL/NEW YORK (Reuters) - The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co's 737 MAX jets following two fatal crashes, insurance executives said this week.Aviation industry premiums have been creeping up since 2017 as companies renew their contracts, in the aftermath of costly plane and helicopter groundings, executives said on..