Lloyd’s Issues Warning on Travel Insurance

May 25, 2001

As the holiday season began, Lloyd’s issued a warning to the public concerning certain travel insurance policies sold by the Management Company (London) Limited.

It urged people to “check the validity of any travel insurance policies bearing the Lloyd’s name they may have purchased for forthcoming travel,” by contacting the insurance company or travel agent.

“The move has been prompted by serious concerns that certain travel insurance policies bearing the Lloyd’s name have been issued without authority,” said the announcement.

The Management Company was put into provisional liquidation last Monday. Marlborough, a Lloyd’s managing agent, severed connections with it last August, but a certain number of policies were apparently issued afterward, which would make them invalid.

Lloyd’s has put the full details of its travel policies on its website, and has offered to organize “interim emergency health cover at its own expense for a limited period of time for anyone affected by this issue currently traveling abroad, or whose departure is imminent and scheme administrators or policyholders have had insufficient time to buy replacement cover.”

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