Travelers who are away from home on business trips or on vacation face a certain temptation to drink that may be much riskier than they think. According to the Squaremouth.com marketing manager, Sara Byrne, if a traveler drinks too much and it results in illness, injury, or an accident, most “will not be able to make a claim under their travel insurance as their policy will not cover them.” Squaremouth.com is a travel insurance comparison and purchase website. Byrne went on to say that the result is that many travelers…
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One fifth of people in the U.K. don’t purchase travel insurance when taking a trip
A survey by the Abta travel organization has shown that one fifth of all travelers in the United Kingdom take their vacations without purchasing travel insurance. The survey included the participation of 2,018 people and determined that a comparable percentage believed that if anything should go wrong, the U.K. government would pick up the tab. As a result of this surprising statistic, Abta is now urging all travelers to purchase insurance at the same time that they make their holiday bookings. The survey also indicated that the concern that topped…
Read MoreNew acquisition of Cigna by FirstAssist Insurance Services
As travel has increased by 8 percent, Cigna has seized the opportunity to provide its customers with additional protection against unexpected emergencies while they travel, such as urgent medical situations by acquiring FirstAssist. This acquisition will give a boost to the global footprint made by Cigna International and will grow its affinity partner relationships as it increases the strong distribution expertise and product offered by FirstAssist. FirstAssist Insurance Services was purchased by the Cigna global health services company from Barclays Private Equity. FirstAssist had appeal to Cigna as it is…
Read MoreTravel Insurance Awareness Day announced by Access America
US travel insurance and assistance leader, Access America, has announced the launch of Travel Insurance Awareness Day on September 7, 2011. In conjunction with this announcement it will be conducting an event among Orbitz.com customers to find out their top reasons for failing to purchase travel insurance. This event will become a prominent feature of the Orbitz.com website and will provide the site’s visitors with the opportunity to share in a total of $1,000 worth of gift cards when they enter their reasons. This awareness and promotion event is designed…
Read MoreAdult sabbatical years lead to four times more travel insurance medical claims
Over the last few years, claims made for medical expenses through travel insurance policies have increased by four times due to a larger number of older adults taking sabbatical years from work and taking exotic vacations. The Association of British Insurers (ABI) has released their data that has shown that the cost of overseas illness rose from approximately $122 million in 2004 to approximately $454 million in 2010. The number of claims rose from 120,000 in 2004, to 337,000 in 2010. According to the ABI, even though the cost of…
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