travel insurance News

Companies Count the Costs After Blackout in Spain and Portugal

As factories, stores and hotels across Spain and Portugal gradually returned to normal on Tuesday after a huge blackout the day before, business associations and companies began counting the cost. Spain’s main business lobby CEOE estimated the outage would shave …

Why Restarting a Power Grid After Massive Collapse Is So Hard

It’s a worst case scenario that grid operators plan for but hope never to encounter. After one of the worst blackouts in Europe in more than a decade, electricity grid operators in Spain and Portugal are trying to get networks …

Spain and Portugal Hit With Worst European Blackout in Years

Most of Spain and all of Portugal were hit by a major blackout that impacted public transport, airports and phone service, leaving authorities scrambling to find the causes for one of the worst outages in Europe in years. Data from …

Delta Plane Catches Fire at Orlando Airport in Latest Incident for Airline

ORLANDO, Fla. (AP) — A Delta Air Lines airplane caught fire on Monday before it was supposed to take off at a central Florida airport, forcing the evacuation of passengers, airport officials said. There were no reports of any injuries …

Heathrow Shutdown Raises Concerns Over Contingency Planning

The closure of Britain’s Heathrow Airport is set to affect the global aviation system for days at a cost of tens of millions of dollars, experts say, posing questions about why better contingency planning was not in place at the …

Winter Storm Gripped on Parts of the South, With Snowy Roads, Flight Cancellations

ATLANTA (AP) — Flight cancellations piled up and officials warned of continuing dangerous roads Saturday in the wake of a winter storm that brought biting cold and wet snow to the U.S. South, leading to school closures and disrupting travel. …

Zurich Completes $600M Buy of AIG’s Travel Insurance Business

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said the acquisition of AIG’s personal travel insurance and assistance business, including Travel Guard, for $600 million makes it one of …

Update: UK’s Saga in Talks With Belgium’s Ageas for Insurance Partnership

Britain’s Saga said on Wednesday it is in talks with Belgian insurer Ageas on an insurance partnership, sending the holiday group’s shares up more than 14%. Saga, which specializes in packages for people over 50, has faced challenges in its …

Delta Jets Collide on the Ground at Atlanta Airport, Causing Minor Damage

Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of the smaller regional plane. Multiple news sources reported that no one was injured and passengers were booked onto other flights …

Zurich to Buy AIG’s Travel Insurance Business for $600 Million

Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which …