Innocence is bliss, isn’t it? Well, maybe. But certainly not when it comes to travel insurance unless your idea of bliss is paying thousands of pounds of bills out of your own pocket because you made a mistake with your travel insurance.

Let us explain so you can stay safe on your travels.

When it comes to taking out a travel insurance policy, declaring your medical conditions is essential. It’s the only way to get a policy that you can trust. Senior travellers are relatively tuned in when it comes to declaring conditions. But

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The U.S. remains on track to spend twice as much for health care as for food, yet millions are without insurance or uninsured. “Health insurance premiums also continue to rise on average another 9 percent in 2011,” says Merton Bernstein, JD, leading health insurance expert and the Walter D. Coles Professor of Law Emeritus at Washington University in St. Louis. “Medical care costs can change direction if policy makers stop whistling past a significant contributor non-benefit costs.” Bernstein details the numerous stages of the process for billing medical care services and the processing of these bills by insurers in his current Health Affairs piece, “Pay Attention to Health Insurance Non-Benefit Costs.” He estimates, using Best’s Insurance data, that about one billion non-Medicare billings are processed yearly. Full post…

Michigan is running into the same kind of problems as Florida with their no-fault car insurance program.  According to Insurance News Nets MI Mulls How To Fix Unsustainable No-Fault Auto Insurance System from A.M.

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The Flood Insurance Reform Act of 2011 (HR 1309), provides a five year reauthorization and updates the National Flood Insurance Program (NFIP). The House passed the bill yesterday in a bipartisan vote of 406 – 22.

Flood insurance, and the federal government’s participation in the market, raises significant policy questions as to how a country or a people should plan for risk. Should the federal government be involved in the program at all? Should restrictions on the program’s ability to provide insurance, where private insurers claim they provide adequate coverage, be eliminated?

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When you are working out how much travel insurance to buy, you need to consider whether you are choosing an annual travel insurance policy or single trip coverage. Both types of travel insurance offer the benefits you need to protect yourself when you travel, but there are differences in price.

Most importantly, and whether you buy an annual or single trip policy, you need to make sure that whatever international travel insurance you buy covers your vacation completely. You need to buy for the whole time you are away, and choose coverage that meets the requirements of your vacation. For example, winter sports coverage, or trip cancellation coverage.

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Companies with global insurance policies may be duplicating cover, according to JLT Specialty, which surveyed 70 delegates attending a Global v Local workshop at the recent AIRMIC Conference.

The research revealed that while 54% of those responsible for arranging insurance for their companies knew what their global insurance programme comprised, only 12% thought they had full visibility of their programmes.

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