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Aviation industry expects double-digit insurance premium hikes after 737 MAX grounding

Protesters gather outside James Simpson Theatre in the Field Museum of Natural History, where Boeing held its annual shareholders' meeting, in Chicago, the United States, on April 29, 2019. [Xinhua/Joel Lerner]

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, insurance executives said.

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