The day after the Law Commission published its Consumer Insurance Bill we are faced by a very good example of why it is needed as a row has broken out over how far travel insurers are obliged to cover people caught up in the British Airways strike.
Posted by David Worsfold on December 16, 2009 8:44 AM | Permalink | Comments (2)
Previous Comments (2)
It is a very interesting article and one that does not end with travel insurance. The mismatch I feel is between the publics interest in insurance and the industries knowledge. If you were to survey those individuals who took out travel insurance during that period many if not the majority would not have clicked. However it seems to me the insurance industry are assuming there is perfect information in the market and are thus aligning claim requirements with their own knowledge and no that of the consumer. A very difficult issue to tackle and one that will continue while profit margins are every ones main concern and not the greater good of mankind.
Posted by Insurance Agency | February 11, 2010 8:59 AM
I am cautiously getting ready to go around the world with my daughter. we're all extremely excited, but i am fantastically clueless when it comes to the ways of the world and how to not accidentally be offensive to people in different countries. i'm 60 years old and have never had the pleasure of travelling to another land, so it would be an understatement to say that i am a little bit nervous thinking about trying to do the smallest things while on my holiday. i commend you on giving us , to quote the title: "BA travel insurance row shows why consumer insurance law reform is needed (Parliamentary Connections)". I found the info extremely useful! Warm Regards, Car Hire France...
Posted by Car Hire France | March 17, 2010 11:38 AM
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I am cautiously getting ready to go around the wor ...
Posted by Car Hire France
It is a very interesting article and one that does ...
Posted by Insurance Agency