With the recent surge in extreme weather events, including early hurricanes and unpredictable storm patterns, travel insurance has become a must-have for many vacationers.
Tag: travel insurance
AIG Divests $600 Million Travel Business to Zurich Insurance
AIG’s $600 million divestiture of its travel business to Zurich Insurance represents a strategic shift to streamline operations and focus on core areas, enhancing AIG’s financial stability while bolstering Zurich’s position in the travel insurance market.
NSM Insurance Group Acquires Two Leading U.K. Travel Insurance Brands
NSM Insurance Group, a global specialty insurance provider with more than $1.6B in premium across 25+ niche insurance programs, today announced that it has signed a definitive agreement to buy InsurEVO.
Everyone Is Buying Travel Insurance, Claims Abound
As people take to the skies again, travel insurance is becoming more popular than ever. That isn’t always a good thing for the companies that provide coverage. Global insurers say they are selling more policies at higher prices as travel recovers from the pandemic, with young people particularly enthusiastic. Some insurers have expanded coverage to… Continue reading Everyone Is Buying Travel Insurance, Claims Abound
Airbnb to Offer Travel Insurance This Spring
Airbnb understands that you may be hesitant to book a stay while the COVID-19 pandemic makes travel risky, so it is planning to provide some protection of its own. The home rental company has announced that it will begin offering customized travel insurance to guests this spring. While the terms are not yet available, Airbnb… Continue reading Airbnb to Offer Travel Insurance This Spring
Royal Caribbean Says Unvaccinated Travelers on Florida Cruises Must Have Travel Insurance
Royal Caribbean International said Tuesday that it will require all guests over the age of 16 traveling from U.S. ports, except those in Florida, to be fully vaccinated. Travelers aboard ships leaving from Florida ports are strongly recommended to be fully vaccinated but not required to be. Florida Gov. Ron DeSantis signed an executive order… Continue reading Royal Caribbean Says Unvaccinated Travelers on Florida Cruises Must Have Travel Insurance
COVID-19 Travel Insurance Becoming a Vacation Staple
COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus. Airline bookings are on the rise in some regions, driving cautious hopes of a revival in summer traffic, but also raising fears among tourist destinations… Continue reading COVID-19 Travel Insurance Becoming a Vacation Staple
2021 Outlook for Travel Insurance Buyers
Although the pandemic has indefinitely changed the way we travel, many travelers are eager to book voyages in 2021. If you’re ready for a new adventure, be on the lookout for the latest changes in the travel insurance industry. Since the pandemic, focus has started to shift to more customer-centered services, comprehensive policies and flexibility.… Continue reading 2021 Outlook for Travel Insurance Buyers
Catch-all Travel Insurance Booms as U.S. Flyers Take Thanksgiving Risks
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. Data from insurance comparison website Squaremouth on Tuesday showed the number of insurance policies purchased for U.S. domestic trips over the… Continue reading Catch-all Travel Insurance Booms as U.S. Flyers Take Thanksgiving Risks
Coronavirus and Insurance Policies: What Is Covered?
As the new coronavirus has been spreading across the U.S., many Americans are worried not just about being exposed to the virus and their health. They also want to know how various insurance policies they own—or are thinking about buying—would help them financially. Here are some commonly asked questions: Does travel insurance cover costs associated… Continue reading Coronavirus and Insurance Policies: What Is Covered?