UK insurer Friends Provident recently announced an upturn in its fortunes through a new and exclusive deal with high street giant Tesco, while at the same time announcing first-quarter results that fell well short of expectations.
The Singapore Tourism Board (STB), in collaboration with MedicaView International, Inc, has announced the launch of a new website offering information on Singapore as a destination for medical tourism travellers.
The UK's Foreign and Commonwealth Office has lifted a ban on all but essential travel to Mexico following the outbreak of swine flu.
Independent national life insurance advisory company illnessPROTECTION.com Inc. has proclaimed the launch of ELITE US Healthcare insurance, which aims to provide Canadians with no wait access to medical centres of excellence within the US.
A range of studies have revealed a dramatic decrease in business travel expenditure for 2009, as employers seek ways to reduce costs in the current economic climate. The studies were conducted by the Chartered Institute of Personnel and Development (CIPD), consultants KPMG, the Association of Corporate Travel Executives (ACTE) and the Amadeus Hospitality Group, and have cohesively shown that business travellers will be making fewer, shorter and cheaper corporate trips this year.
Dr Saleh Malaikah, chairman of Best Re, has said that despite the economic downturn, the Islamic financial system remains strong, and takaful is predicted to continue growing at an impressive rate over the next two years, even if the growth witnessed in the past few years has been much higher.
According to the World Health Organization, on 10 May 2009, 29 countries have officially reported 4379 cases of influenza A(H1N1) infection. Mexico has reported 1,626 laboratory confirmed human cases of infection, including 45 deaths. The United States has reported 2,254 laboratory confirmed human cases, including two deaths. Canada has reported 280 laboratory confirmed human cases, including one death. Costa Rica has reported eight laboratory confirmed human cases, including one death.
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.
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.
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