Top reasons travel insurance claims are denied
Travel insurance claims have risen 21% from last year, according to data from Squaremouth.
As the Northeast recovers from the third Nor’easter in three weeks and other sections of the U.S. prepare for swollen rivers from the spring snowmelt, thoughts turn to flood and insurance. Combined with the debates in Congress around renewing the financially strapped National Flood Insurance Program and flood insurance reforms, the issue is definitely top of mind for insurers and policyholders alike.
As many discovered during the hurricanes, mudslides and other natural catastrophes in 2017, most U.S. property owners are woefully underinsured and surprisingly unaware of the flood risks they face. According to a new study led by the University of Bristol, more than 41 million Americans are at risk — significantly higher than the current estimate of 13 million.
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Travel insurance claims have risen 21% from last year, according to data from Squaremouth.
Weather-related disasters have resulted in more claims than predicted.
In many ways, the insurance industry is at the leading edge of sustainability matters.
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