Insurance News ME

Florida seeks to suspend American General license

MIAMI (Reuters) - Florida's Office of Insurance Regulation said on Wednesday it was trying to suspend the license of American General Life Insurance because it had violated the right of life-insurance policy holders to travel.

Munich Re travel insurance unit signs co-operation deal with Air Asia X

Munich Re's travel insurance unit, Europaeische Reiseversicherung, has signed a co-operation deal with Malaysian airline Air Asia X, unit head Wolfgang Diels told Financial Times Deutschland.

China's Sunshine Insurance in overseas travel insurance tie-up with AXA

Beijing-based Sunshine Property and Casualty Insurance Co said it has launched an overseas travel insurance product jointly with Europe's No. 2 insurer AXA.

BTIA Partners with AIG to insure tourists in natural disasters

This week B-T-I-A announced is partnership with A-I-G Travel Guard which is an insurance company that covers tourists in the event of natural disasters or uncontrollable factors that may affect their trip.   

Kenya: AIG Kenya Bags New Deal to Sell Travel Insurance

Travellers will be able to buy insurance from agents following a new partnership between a local insurance company and the Kenya Association of Travel Agents.

Following the signing of an agreement, AIG Kenya Insurance Company will now be the only KATA-approved travel insurance provider in the country. KATA is the umbrella body of travel agents.

Jazeera Airways: 3 new destinations, DNATA tie-up and Travel Guard from AIG

Jazeera Airways announced a breakthrough alliance with American International Group (AIG), which offers online customers the option of purchasing travel insurance at the time of their booking.

Travel cover for HSBC customers in Bahrain

MANAMA: A new travel protection and family shield insurance product has been launched for HSBC customers.The Bank said it will join Bahrain-based insurance company, AIG Takaful-Enaya, in launching the products.

AIG launches travel insurance in Turkey with Amadeus

AIG Sigorta (General Insurance company of Americal International Group in Turkey) launched online travel insurance products (AIG Travel Guard) through travel agencies in coordination with Amadeus reservation system.

Emirates Bank Launches Holiday Travel Insurance

Emirates Bank International launched meTRAVEL, in association with National General Insurance (NGI) National General Insurance (NGI) National General Insurance, one of EBG subsidiary companies. The new travel insurance plan introduced during the UAE peak travel season provides instant cover, at competitive rates and is available to all - not just Emirates customers after completing a simple application form at an Emirates Bank branch.

Weighing options of travel insurance

We see terrorist attacks at airports, record airline delays and bankruptcies among travel providers. No wonder people are buying so much travel insurance.

But is all that spending - $1.3 billion in 2006, at least twice the annual figures before September 11, 2001 - worth it? Not necessarily.

You may already have coverage for some of your travel concerns. And considering that the typical policy runs four per cent to eight per cent of the cost of your trip, that can be a sizable sum to buy what you already have.

"We're not huge fans of travel insurance," says Greg Daugherty, executive editor of Consumer Reports.