Travel industry faces record insurance pay outs as holidays and flights are cancelled

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Travel industry faces record insurance pay outs...
 © Parikiaki 2020
Record insurance pay outs totalling at least £275 million will be made to travellers due to the coronavirus crisis, according to industry estimates.

The Association of British Insurers (ABI), which made the calculation, said this is the expected total as payouts continue in the coming weeks and months.

It means coronavirus-related payouts will dwarf the £62 million-worth of payments made for cancellation and disruption following the Icelandic volcanic ash cloud in 2010. The vast majority of coronavirus payouts will be for cancellations, the ABI...


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Travel industry faces record insurance pay outs as holidays and flights are cancelled


The contents of this article including any associated images are © Parikiaki 2020
Views & opinions expressed in this article are those of the author and/or Parikiaki .

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Article Tags: travel, industry, faces, record, insurance, holidays, flights, cancelled,