Consumers seek hurricane travel insurance coverage for their vacations this season

Hurricane travel insurance coverage - Hurricane in Key West

After a few years of activity during the Atlantic storm season, travelers are looking into their options. The last few years have come with active Atlantic storm season, encouraging travelers this year to look into hurricane travel insurance coverage. Travelers are looking into the types of policy available and how much it will cost. The hurricane season runs from June through November every year. While some seasons see barely any storm activity at all, others are highly active. This year has already seen storms and Barry managed to make landfall…

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Machine learning flips understanding of travel industry insurance upside down

Travel Insurance Industry - Machine Learning

Companies are using new technologies to obtain an entirely new comprehension of this sector. The travel insurance industry, like other coverage sectors, is turning to many new forms of cutting edge technology. This tech is helping the industry to obtain a more refined understanding of itself. The more this technology tells insurance companies about their coverage, the more their understanding changes. Machine learning, such as through artificial intelligence (A.I.) is tossing conventional travel insurance industry wisdom out the window. In its place, comes entirely new concepts and understandings. Smarter tech…

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Boeing 737 Max bans underscore importance of travel insurance policies

Boeing 737 Max Bans - Boeing 737 Plane

Travelers around the world are experiencing cancellations and delays due to airspace bans for the jets. Countries around the world, including the United States, European Union’s 32 nations, Canada and others worldwide have implemented Boeing 737 Max bans. These apply both to flight suspensions and movements in and out of airspaces. Travelers insurance is proving helpful for many travelers experiencing associated delays and cancellations. Travelers affected by the Boeing 737 Max bans aren’t just those flying in and out of the countries that have suspended the Max 8 and Max…

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JetBlue and Delta accused of taking travel insurance kickbacks for sales

Delta Airline Travel Insurance Kickbacks

Two of the largest airlines in the United States are now each facing similar class action suits. JetBlue and Delta are each facing class action lawsuits accusing them of taking travel insurance kickbacks for selling policies. They are accused of failing to tell customers that they receive payments when they sell travel cancellation insurance policies. The travel insurance is advertised on the websites without mention that the carriers are paid to sell. The two lawsuits over the travel insurance kickbacks are nearly identical. They were both filed in September by…

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Travel insurance benefits may not be worth it, says Senator

Travel insurance benefits - airport

Senator Edward J. Markey from Massachusetts released a report casting doubt on the coverage. Democrat Senator Edward J. Markey of Massachusetts issued a new report focusing on travel insurance benefits and whether or not they hold value. In it, he examined the travel insurance industry as a whole within the United States. According to Senator Markey, travelers aren’t getting the coverage they think they are. According to Markey’s report, travelers from the United States “get much less coverage…than they are led to believe.” This conclusion was based on an investigation…

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International travel insurance more common than domestic among Americans

International Travel Insurance - Woman tourist taking photos

More people in the U.S. purchase coverage if they’re traveling outside the country, says AAA Travel. Americans are more likely to purchase international travel insurance than coverage when they are traveling domestically, says a new AAA Travel study. Travelers are more likely to think they need coverage if they’re leaving the country. The research showed that almost four in ten Americans – 38 percent – will typically buy international travel insurance for their trips. Among those individuals, the most important benefit to those policies is trip cancellation defense. Among those…

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AIG underscores travel insurance shortfalls in current ecosystem

Travel insurance shortfalls - Hand - Airplane

The changing nature of the travel industry as a whole has caused coverage to fall short of what it should be. AIG recently released a report on the current travel insurance shortfalls as travelers leave their agents behind. The report was titled “Insuring Travellers in the Digital Age.” The current travel comparison trend is boosting convenience but is leaving travelers under-insured. The AIG report pointed out that the average traveler will visit 28 websites throughout the 53 day period before they book their trips. The internet is offering them tools…

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