Americans more likely to buy travel insurance than they were pre-pandemic

Buy Travel Insurance - person waiting in airport

This crisis has drawn attention to the reality of risk and unexpected events that can suddenly occur. About 45 percent of Americans are likely to buy travel insurance to cover future trips as movement is introduced once more, according to a recent NerdWallet survey. The survey involved the participation of 2,000 adults across the United States. The research was designed to help better understand the impact of the COVID-19 pandemic crisis on the financial habits of Americans. What it found was that there was a greater likelihood that Americans would…

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NY travel insurance is undergoing a transformation in the face of COVID-19

NY travel insurance - Virus

State governor Andrew Cuomo is allowing Cancel For Any Reason (CFAR) coverage. NY travel insurance is undergoing some significant changes as directed by state Governor Andrew M. Cuomo. Governor Cuomo has announced that insurers are now permitted to sell Cancel For Any Reason (CFAR) policies to both residents and businesses. This move is meant to help insurance companies respond to traveler needs as COVID-19 spreads. People around the world have become nervous about booking travel plans due to the uncertainty regarding the spread of the coronavirus. In order to help…

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Not all travel insurance covers coronavirus risk, so check your policy

Travel insurance covers coronavirus - Person wearing mask

Americans with traveling plans may want to look at their coverage if they’re worried about an outbreak. If you’re headed away from home for a vacation or business purposes, it’s a good idea to check if your travel insurance covers coronavirus outbreak-related losses if you’re headed to a potentially affected area. China has implemented travel bans unlike anything that has been tried before in a number of its cities. The coronavirus outbreak couldn’t have come at a less convenient time in China. At the height of the Lunar New Year…

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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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