coronavirus travel insurance News

Demand for Travel Insurance Takes Off As More Destinations Require Coverage

COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus. Airline bookings are on the rise in some regions, driving …

Travel Insurance Surges Along with Coronavirus This Thanksgiving

U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. Data from insurance comparison website Squaremouth …

Manulife to Begin Offering Canadians COVID-19 Travel Insurance

Canadian insurer Manulife Financial Group will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical coverage. The policy will launch in October for Canadians traveling domestically and internationally, …

Abu Dhabi’s Etihad Airways Offers Passengers Coronavirus Insurance

Abu Dhabi’s Etihad Airways on Monday said it would cover medical and quarantine costs for passengers if they contract the new coronavirus after traveling on one of its flights. Airlines around the world are trying to find ways to stimulate …

UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions

Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus outbreak, the British over-50s holidays and insurance specialist said on Monday. The company, which has canceled all travel departures up …

UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods

Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a government watchdog, Bank of England Deputy Governor Sam Woods said on Wednesday. The BoE has allowed banks to tap 23 …

Consumers Find Travel Insurance Policies Not Much Help in Coronavirus Crisis

Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance companies won’t provide reimbursements for canceled trips due to …