Agents frustrated as travel Insurance saga heats up

Hadley, Melissa
January 2007
Travel Weekly Australia;1/26/2007, Issue 34, p7
Trade Publication
The article reports on criticisms against travel agents for mis-selling travel insurance policies despite the constancy and regularity of sales. In the 2005-2006 financial year, an increase of more than 200 percent in the number of travel claims rejected by travel insurance providers was posted. According to travel agents, what has prevented them from properly explaining insurance policies to clients was the Financial Services Reform Act, enacted into 2004.


Related Articles

  • letters. Sharpe, John; Lasek, Voytek; Bain, Anne; Spencer, Penny // Travel Weekly Australia;1/26/2007, Issue 34, p11 

    Several letters to the editor are presented in response to articles in previous issues including the need for insurance policy conditions to be explained by travel agents, the insurance industry's need for a simple policy with straightforward coverage for travelers' requirements, the increase in...

  • Insurers sought to relaunch Abtasure. Richardson, Dave // Travel Trade Gazette UK & Ireland;10/27/2006, Issue 2740, p28 

    The article focuses on the invitation of the Association of British Travel Agents to relaunch the Abtasure policy which is the critical part of its attempt to ensure financial protection. It could be noted that it will be intended for the travel arrangements which are not bonded by the Civil...

  • Rock reverses 45k payout.  // Travel Trade Gazette UK & Ireland;7/24/2009, Issue 2876, p12 

    The article reports on the issue over an insurance policy of travel agent Guy Widman of Journey the World in Great Britain. It states that Widman was disappointed of Rock Insurance's supplier failure cover. According to Rock managing director Antony Martin, the claim was initially refused, but...

  • Insurance confusion.  // Travel Weekly: The Choice of Travel Professionals;8/18/2006, Issue 1834, p5 

    The article reports that insurance policies in Great Britain have been criticised for leaving customers with no cover under new security measures. Peregor Travel reservation consultant Lenny White said BAA PLC's requirement to leave bags unlocked was a dilemma for customers. Sergio Pia, sales...

  • Trust us to sell right insurance.  // Travel Weekly: The Choice of Travel Professionals;7/14/2006, Issue 1829, p8 

    The article reports that the extras market has been growing in significance for travel agents, with reduced commissions and more sales going direct. A trusted part of an agent's armoury in getting customers to trade up is selling ravel insurance. According to an investigation by the periodical...

  • Government Holiday. O'Connor, Robert // Best's Review;Aug2008, Vol. 109 Issue 4, p54 

    The article reports on the control assumed by the Financial Services Authority (FSA) to travel insurance policies in Great Britain. Effective January 1, 2008, the institution will assume control on the insurance policies of travel agents and tour operators, aimed in protecting consumers and...

  • Deadline for insurance exams.  // Travel Weekly: The Choice of Travel Professionals;7/16/2004, Issue 1727, p24 

    The Financial Services Authority (FSA) will fine agents thousands of pounds unless they take ABTA-sponsored travel insurance exams. However, the FSA is looking at a January 1 2005 deadline for evidence of agents sitting the insurance examinations and will prosecute if an agent is ignoring...

  • Pirates may dodge tour insurance law. Washio, Ako G. // Budapest Business Journal;10/1/2001, Vol. 9 Issue 44 

    Reports the legal changes requiring tour operators to have insolvency insurance or bank guarantee in Hungary. Effectivity of the change; Coverage amount of tour operator's insurance; Comments of travel agencies on the policy.

  • TRADE FEEDBACK.  // Travel Trade Gazette UK & Ireland;8/5/2002, Issue 2525, p42 

    Presents feedbacks from the travel agency about insurance policies that are mis-sold by travel agents and operators.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics