InsureandGo has estimated that Britons suffered approximately £90 million worth of uninsured holiday mishaps in 2008, a 38 per cent increase on 2007
Top industry-specific travel insurance trends and analysis from around the globe, plus the latest international headlines on issues directly affecting the industry.
Prime Travel Protection Inc., a company run by Jerry and Christine Watson, has been ordered to close down by the authorities in Colorado.
From 1 January this year, travel agents or tour operators in the UK selling travel insurance alongside a travel or holiday booking are no longer exempt from regulation by the country's financial services watchdog, the Financial Services Authority (FSA). But according to new research by World First Travel Insurance, three months after these new rules came into effect, a quarter of holiday firms selling, arranging or advertising travel insurance are doing so in a way that contravenes FSA rules, and in some cases is illegal.
American Express has recently won a trial that took place in California in a case that involved a class of customers who claimed that they were collectively charged hundreds of millions of dollars for travel insurance policies that were never issued.
US President Barack Obama's decision to ease a handful of restrictions on relations with Cuba is seen by American tourism and business entrepreneurs as only one small step in a tug of war with though adversaries that still has a long way to go. Milan Korcok reports