Canadian Underwriter

travel insurance

Airliner landing in a vacation paradise
News BrokersInsuranceMarkets / Coverages

More people are flying – is that good for travel insurance profits?

July 13, 2022 by Alyssa DiSabatino

Business and leisure travel is on a post-pandemic rise, but major flight delays and cancellations will have impacts on travel insurers’ credit profiles, said a commentary from credit-rating agency DBRS Morningstar. Even though airplane travel remains below 2019 levels, staff

Traveller waiting for flight in airport
News Insurance

Travel insurance enters new world, as pandemic restrictions ease

March 25, 2022 by Jason Contant

The federal government’s easing of COVID-19 travel restrictions will generally make it easier for travellers to get insurance coverage, since some providers weren’t in the position to offer coverage when travel advisors were at a higher level, travel insurers tell

Travel insurance documents to help travelers feel confident in travel safety.
News ClaimsCommercial LinesInsuranceLegal

Court overturns $100K bad faith award against Lloyd’s, Industrial Alliance

March 4, 2022 by David Gambrill

An insured is not entitled to a bad faith cost award based on his travel insurers’ conduct in settling the claim with foreign medical service providers, so long as the insured is not exposed to pay settlement amounts that exceed

Woman at the airport with Canadian passport
News Insurance

How to navigate travel insurance ahead of March break as pandemic restrictions ease

February 24, 2022 Christopher Reynolds - THE CANADIAN PRESS

MONTREAL – With the Omicron variant in retreat, Canadians looking to get away for spring break now have a more robust range of travel insurance options. The federal government announced last week it will roll back testing and quarantine restrictions

Young woman in international airport looking at the flight information board, checking her flight
News Insurance

Zurich pairs with Blink for flight-disruption cover

February 16, 2022 Canadian Underwriter Staff

With airplane trips forecast to increase post COVID-19, travellers will want to know if they’ll get where they’re going – and if they have coverage options when flights get cancelled. That’s the logic behind a new partnership between Zurich Canada

Woman checking her watch waiting for flight
News Insurance

Flight delayed because the crew has COVID? You’re covered for that….

January 14, 2022 by Jason Contant

Insurtech Blink Parametric has partnered with Canadian managing general agent (MGA) AwayCare for real-time flight disruption coverage for Canadian travellers worldwide.   Blink announced the partnership with travel insurance provider AwayCare, which has offices in Ontario, Alberta, and British Columbia. The

News Insurance

Travellers should check insurance coverage twice amid changing rules, experts say

December 20, 2021 Brett Bundale - THE CANADIAN PRESS

Travel industry experts are warning Canadians to double check their insurance coverage before embarking on a trip this holiday season amid tightening travel restrictions. Holiday travel has been upended by the latest COVID-19 variant sweeping the globe, prompting some travellers

News Insurance

Canadian travel insurance quotes surge year-over-year

November 25, 2021 by Jason Contant

Travel insurance quotes have surged nearly 300% year-over-year as pandemic restrictions ease and Canadians are eager to travel again, according to a new report from rate comparison site RATESDOTCA. The rate aggregator analyzed data from thousands of quotes from its

News BrokersClaimsMarkets / Coverages

Vaccination Summer 2021: Boom times for travel insurance?

July 14, 2021 by David Gambrill

Travel insurance is poised to start its post-COVID rebound, with Canadian governments relaxing restrictions to allow more travel within and between provinces. “The travel insurance market will definitely rebound from this, because people are not going to stop traveling; we

Travelling during COVID pandemic
News Insurance

Travellers need to pay close attention when shopping for travel insurance: experts

June 25, 2021 Salmaan Farooqui - THE CANADIAN PRESS

Canadians who are eager to be part of the first wave of travellers to head abroad once border restrictions ease should pay close attention to what their travel insurance will and will not cover, experts say. There may be many

News Insurance

TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic

September 10, 2020 Christopher Reynolds – The Canadian Press

Toronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic. Lead plaintiff Kevin Lyons cancelled his family’s flight to Italy along with their Mediterranean cruise in early

News ClaimsInsuranceMarkets / Coverages

How carriers are covering travel insurance in the age of coronavirus

March 9, 2020 by Jason Contant

Carriers who offer travel insurance are taking different approaches to covering trip cancellations in the wake of the coronavirus (COVID-19) outbreak that claimed its first Canadian victim Monday. Typically, travellers with regular trip cancellation insurance with trips booked before the