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Articles tagged “insurance”

Force Majeure: Will it Really Help Cancelled Events?

Force Majeure: Will it Really Help Cancelled Events?

EventMB

Force majeure is the legal clause on everyone’s lips. On almost every event contract, it seems like the COVID-19 pandemic would be the obvious case it was designed for, but that’s not how insurance companies see it. What recourse is there for event organizers?

1 week ago

Olympics Cancellation Would Spell Heavy Losses for Many in Tourism Sector

Olympics Cancellation Would Spell Heavy Losses for Many in Tourism Sector

Stephen Wade and Graham Dunbar, Associated Press

If the Olympics gets canceled, it will be a massive letdown for Japan and host city Tokyo, which have spent years to gear up for this massive event. Hotels, airlines, taxi drivers, and many in the tourism sector will stand to lose too.

4 weeks ago

Travel Businesses Face Huge Coronavirus Costs as Insurance Coverage in Question

Travel Businesses Face Huge Coronavirus Costs as Insurance Coverage in Question

Carolyn Cohn, Sumeet Chatterjee and Noor Zainab Hussain, Reuters

With epidemics usually excluded from insurance coverage, the spectre of a huge coronavirus bill looms for hotels, airlines, and event companies.

2 months ago

Travel Advisors See Trip Insurance Opportunity Where Credit Cards Fall Short

Travel Advisors See Trip Insurance Opportunity Where Credit Cards Fall Short

Allan Leibowitz, Skift

Awareness of the need for travel insurance is on the rise in some quarters. This trend offers significant opportunities for travel advisors to generate additional revenue and offer peace of mind to travelers.

11 months ago

Uber to Cover Its South African Drivers With Insurance in Case of Violence

Uber to Cover Its South African Drivers With Insurance in Case of Violence

Loni Prinsloo, Bloomberg

Sometimes you can do well by doing right. Uber is correct to offer insurance to its drivers in South African cities in case of their death or injury due to violent attacks or crime. That move should also help it woo more drivers to sign up.

2 years ago

A Startup Is Offering Extra Insurance for Uber and Lyft Rides

A Startup Is Offering Extra Insurance for Uber and Lyft Rides

Sarah Skidmore Sell, The Associated Press

It's hard to imagine people having the time to think about buying insurance for an Uber or Lyft ride, let alone understanding what it gets them. We're more sure that both companies should better explain their insurance policies to passengers.

2 years ago

Allstate Offers the First Insurance Plan for the Uber Generation

Allstate Offers the First Insurance Plan for the Uber Generation

Marley Jay, Associated Press

We've been telling people for years that an insurance policy tailor made for the sharing economy would be an excellent idea. You're welcome, Allstate.

5 years ago

New Insurance Policy for Airbnb Hosts Reveals Cracks in the Sharing Economy

New Insurance Policy for Airbnb Hosts Reveals Cracks in the Sharing Economy

Jason Clampet, Skift

Always read the fine print.

5 years ago

Americans Are Spending More on Summer Vacations This Year

Americans Are Spending More on Summer Vacations This Year

Samantha Shankman, Skift

This summer is set to reach post-recession highs on almost all accounts, giving travel marketers greater competition and opportunities to cash in on newly confident U.S. travelers.

6 years ago

Insurance Boss and Uber Leader Trade Barbs in Liability Spat

Insurance Boss and Uber Leader Trade Barbs in Liability Spat

VentureBeat

We're waiting for the company that comes up with smart insurance policies geared toward sharing economy participants.

6 years ago

Lyft Strikes Deal With MetLife to Bring Insurance to Its Drivers

Lyft Strikes Deal With MetLife to Bring Insurance to Its Drivers

Kia Kokalitcheva, VentureBeat

We've always said that a smart insurer will recognize the possible revenue opportunities in the sharing economy.

6 years ago

Flyers Weigh Benefits of Travel Insurance After Long Winter of Delays

Flyers Weigh Benefits of Travel Insurance After Long Winter of Delays

Samantha Shankman, Skift

Airlines often anticipate delays by dropping change fees, but insurance can be a lifesaver for flyers already at the airport. However, our findings were not conclusive enough to suggest the weather will result in a long-term benefit for insurance companies.

6 years ago