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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Expedia now offers AIG travel insurance in new partnership

Insurance company blockchain Pilot Launched by Humana and UntiedHealth

The insurer and the online travel booking site came to a deal to provide consumers with more options. American Insurance Group and Expedia have reached a deal that will sell AIG travel insurance on the popular website. On the insurance company’s side, the agreement was a part of a broader strategy. CEO Brian Duperreault is seeking to broaden the insurer’s each and grow its size. This new partnership with Expedia is actually the insurer’s second travel insurance deal five months. Two AIG travel insurance deals have been reached in under…

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Average 2017 travel insurance policy covered far cheaper trips

travel insurance policy suitcase vacation

A recent Generali Global Assistance study showed travelers spent 19 percent less on covered trips. Among travelers who purchased a travel insurance policy last year, coverage was being applied to trips that cost an average of 19 percent less than they had the year before. The data was published by Generali Global Assistance, through its Travel Insurance division. The travel insurance analysis used the insurer’s proprietary data throughout the 2017 season. Throughout 2017, the average cost of a trip covered by a travel insurance policy was $1,883. This represented a…

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