Travel insurance sales spike from 2012 Olympics

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Americans are purchasing coverage in case of hassles while traveling during the games. The 2012 Olympics in London have not only generated an increased amount of business for airlines, hotels, and car rentals, but the insurance industry is also already seeing a rise in their sales. The travel industry as a whole is expected to see a 30 percent surge in the travelers to London (over 2011). Companies offering travel insurance are have already noticed that they have an important slice of this pie. For example, Allianz Global Assistance USA,…

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Insurance for the Olympic Games a major issue for UK insurers

Insurance professionals prepared to provide coverage for the Olympics There is a scant one hundred days before the 2012 Olympic Games begin in the United Kingdom. Preparations for the event are still underway and London’s insurance community is beginning to feel the pressure. Many of the city’s insurance agents and providers have been working for over a year to establish a safety net for the event. The Olympics is fraught with risk as the event attracts thousands of foreign visitors and athletes and collects them into a single, localized area.…

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