image credit: Unsplash

Holiday travel chaos – a case for parametric insurance?

January 23, 2023

Via: Insurance Business

North American travelers were plagued by extraordinary travel disruptions over the recent holiday season, compounded by a “once in a generation” winter storm that struck the US.

Thousands of flights were disrupted by the megastorm in late December, while a system glitch delayed or canceled more than 11,000 planes last week. The cascading effects of travel delays are distressing for both travelers and airlines – and unwelcome for travel insurers.

Read More on Insurance Business