Live Insurance News

Travel insurance fraud spikes in the UK

September 9, 2013September 7, 2013 G. Turner

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…

Travel insurance purchased by only half of vacationers

August 9, 2013August 7, 2013 G. Turner

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…

Travel insurance purchased by fewer U.K. vacationers

June 18, 2013June 15, 2013 Julie Campbell

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…

Travel insurance overlooked by millions from the UK

January 10, 2013 H. Cutner

A recent study has shown that British travelers are often unprepared for unexpected holiday emergencies. Though the British people love to get away from it all to relax on their holidays, they are often lacking travel insurance when they do so, putting themselves at risk of tremendous unexpected expenses should emergencies or disaster strike. Recent statistics show that more than half the population of the U.K. intends to head away from home this year. A survey published by Think Banking Weekly indicated that 53 percent of the country’s population intended…

Extreme sports insurance and ski safety tips are important for starting the season

December 15, 2012April 30, 2013

Skiers are cautioned to start the winter off right by taking appropriate precautions. In some areas of the world, the ski season has already started and is in full tilt, but a snowboarding accident in Chamonix is serving as a reminder that extreme sports insurance is just as vital this year as it has been in previous years. A British student is currently on life support because of a crash experienced on the slopes. The Alps are currently having record snowfalls, which could mean a good season, but it is…

Insurance news in unregulated extreme sports businesses draws industry’s attention

August 26, 2012August 25, 2012 Julie Campbell

Insurance news headlines a uninsured parasailing incident

Some companies require nothing more than an operator’s license. A recent case in Pompano Beach, Florida, is making insurance news as it draws the attention of the industry, as a woman fell to her death while parasailing on August 15 and the company offering the excursion was not insured. All that was legally required for its operation was a business permit due to the lack of regulation. The woman was Kathleen Miskell, who went parasailing through a boat operator that needed only a basic occupational license for the vehicle and…

Austrailian Travel Insurance News

March 23, 2011March 23, 2011 Marc

The Royal Automobile Club of Victoria (RACV) provides advice regarding the comprehensive travel insurance policies in relation to the earthquake and tsunami that hit Japan last week. Claims will be assessed by RACV according to the Product Disclosure Statement (PDS) and the type of plan that was purchased will determine the coverage. For those who have not yet departed, cancellation or rearrangement expenses will be covered if the policy was purchased before March 12, 2011. Travels on or after March 31, 2011 are advised to be cancelled or rearranged until…