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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Travel insurance claims can be rejected if alcohol was involved

Travel Insurance

Some insurers have been facing some criticism for refusing to pay when a policyholder had been drinking on vacation. Travel insurance companies in the United Kingdom have been turning down certain claims when they discover that the vacationers who had made them had been drinking alcohol before they suffered from the accident in question. The Financial Ombudsman Service (FOS) has stated that a “high standard of proof” must be provided. According to the FOS, the travel insurance company must be able to show quite solidly that the amount of alcohol…

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Travel insurance is becoming more expensive for seniors

travel insurance

Despite the fact that claims are dropping, the industry is still charging these travelers more for coverage. Vacationers in their late 70s and their early 80s are now finding that travel insurance is costing them more than it once did – even more than people who have recently retired – even though the costs associated with covering those individuals on their holidays has been decreasing. Typically these insurance policies become more costly with age because of a rise in the risk of accidents and health problems. For that reason, when…

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Travel insurance coverage may not extend to mental health

Travel Insurance doesn't cover mental health

Many vacationers purchase a policy in case of a medical emergency, but not all forms are covered. Travel insurance can be a very important way for people to protect themselves against the financial losses associated with the unexpected, whether that be the sudden need to cancel a trip at the last moment or requiring urgent medical assistance while away from home. However, these policyholders are starting to discover that mental health is typically not covered. One of the most important types of coverage that a travel insurance policy provides is…

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Travel insurance regulation changes headed to Colorado governor

Travel Insurance

A regulatory bill is now headed to Gov. John Hickenlooper after meeting no resistance in the Senate. A bill designed to provide the travel insurance industry in Colorado with regulation for the first time is now on its way to the desk of Governor John Hickenlooper in order to obtain his signature so that it can be passed into law. This bill was moved along to the Governor without experiencing any votes against it in the state Senate. Rep Tracy Kraft-Tharp (D-Arvada) sponsored House Bill 1185, which saw great favor…

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Travel insurance sales spike as the MH370 mystery continues

business travel insurance

Fliers headed into or through the South East Asian region are feeling a higher sense of risk. In light of the heart wrenching disappearance of the Malaysia Airlines flight MH370 and the 239 people who made up its passengers and crew, travel insurance has become a product that fliers are packing with them much more frequently, as people feel rattled about the situation in the South East Asian region. This has occurred at the same time that some travelers have simply cancelled their plans, outright. Many people are feeling quite…

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Travel insurance isn’t always practical, says National Consumers League

Travel Insurance

The group has released a statement that the protection does not always make sense. According to the National Consumers League, a group that has been in existence for 114 years, the way that the industry functions has designed travel insurance in a way that it is typically not a good deal for travelers. They have pointed out that there are far too many exceptions to make the coverage worthwhile for most people. The consumer group has pointed out that travel insurance policies are filled with different kinds of exceptions that…

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Travel insurance fraud spikes in the UK

Travel Insurance

The summer heat wave is being blame for the sudden skyrocketing levels of fraudulent claims. Cancelled vacation and lost baggage travel insurance claims have risen sharply during the summer of 2013 and the heat wave that briefly held in place over the United Kingdom is being blamed. Vacationers frequently decided to stay home in the hot weather since they didn’t need to pay to seek it elsewhere. The travel insurance fraud associated with cancelling pre-booked vacations in order to opt to remain at home because the weather remained hot is…

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Travel insurance purchased by only half of vacationers

Medical Travel Insurance

The results of a recent study have shown that travelers are not purchasing medical coverage before they leave. According to the results of a recent study on summer vacations, only half of Canadians who head out of the country during the summer purchase travel insurance to cover themselves in case of a medical emergency. This includes those who are headed to the United States or abroad on their vacations. The travel insurance study was conducted by BMO Insurance. What it determined was that among the 83 percent of Canadians who…

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Travel insurance purchased by fewer U.K. vacationers

Travel Insurance

The latest figures are indicating that one quarter of vacationers are not covered when they go abroad. According to the latest data released by the Association of British Travel Agents (ABTA), one in every four vacationers traveling abroad from the United Kingdom has not purchased travel insurance protection. This figure shows that there is a rapid trend moving away from purchasing the coverage in recent years. The data indicated that from 2011 to 2012, the number of holidaymakers without travel insurance rose at a dramatic rate from having been 20…

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