Adventure travellers beware: Your travel insurance may not cover mountain climbing

insurancebusinessmag | June 03, 2019

Adventure travellers beware: Your travel insurance may not cover mountain climbing
Interest in adventure-travel activities such as hiking and mountain climbing is at an all-time high this summer, more than tripling last year, according to travel insurance comparison site Squaremouth. However, mountain-climbing enthusiasts should be aware that depending on the specifics of the climb, travel insurance policies may not cover them.Many travel insurance policies cover hiking and exclude mountain climbing, according to Squaremouth. However, the difference between the two activities isnt always clear to travelers.

Spotlight

See how customers are rescued digitally using Allstate Roadside Services. Allstate Roadside Services offers white label and co-branded roadside assistance programs that drive customer loyalty to your brand. We serve many well-known automobile manufacturers, commercial fleet managers, automobile rental agencies, wireless providers and membership associations, among many other businesses in the U.S. and Canada.

Related News

AUTOMOBILE INSURANCE

CURE Auto Insurance Choose Guidewire InsuranceNow to Accelerate Speed-to-Market and Business Growth

CURE Auto Insurance, Guidewire Insurance | May 03, 2021

Citizens United Reciprocal Exchange (CURE), a not-for-profit full specialist organization of accident protection authorized in New Jersey, Pennsylvania, and Michigan, and Guidewire Software, Inc., the platform P&C back up plans trust to draw in, develop, and develop proficiently, today declared that CURE has chosen InsuranceNow and Predictive Analytics to speed up speed-to-market and business development. The organization intends to start carrying out InsuranceNow for their greenfield individual auto line of business in the province of Michigan, trailed by their collision protection lines of business in New Jersey and Pennsylvania. "Speed-to-showcase was a significant driver in our thought of another framework to help work with our objective of venturing into new business sectors. InsuranceNow met the entirety of our models as an adaptable, exceptionally configurable, easy to use, and affordable framework that will want to deal with that development," said Douglas Benalan, boss information official, CURE. "The cloud and across the board parts of InsuranceNow were additionally appealing to us and basic to our dynamic, as they will help our IT staff increment their effectiveness by moving upkeep and backing to Guidewire and empowering them to zero in on the crucial business goals that will speed up our development." Benalan added, "We were likewise wanting to carry out prescient examination abilities into our activities. We discovered Guidewire Predictive Analytics to be our most ideal alternative since it coordinates well with InsuranceNow to empower our group to zero in on their work as opposed to chipping away at information joining." "We are satisfied to invite CURE to the Guidewire client local area," said Frank O'Dowd, boss deals official, Guidewire Software. "We respect the organization's main goal of giving drivers in New Jersey, Pennsylvania, and now Michigan with accident coverage at a reasonable rate dependent on their driving records." About CURE Auto Insurance Settled in Princeton, N.J., Citizens United Reciprocal Exchange, (CURE) is a not-for-profit reciprocal exchange. Established in 1990 by New Jersey Insurance Commissioner James J. Sheeran and grant-winning insurance master, Dr. Lena Chang as a response to the insurance emergency in New Jersey, CURE keeps on driving the path as the not-for-profit answer for dependable drivers and the "fix" for consistently advancing collision protection issues. The fix is at present accessible in New Jersey and Pennsylvania. About Guidewire Software Guidewire is the platform P&C guarantors trust to draw in, develop, and develop productively. We join the computerized, center, investigation, and AI to convey our platform as a cloud administration. As of the finish of our financial year 2019, more than 380 safety net providers, from new dares to the biggest and generally complex on the planet, run on Guidewire. As an accomplice to our clients, we persistently advance to empower their prosperity. We are glad for our unmatched execution history, with 1,000+ fruitful activities, upheld by the biggest R&D group and accomplice biological system in the business. Our commercial center gives many applications that speed up joining, confinement, and development.

Read More

CORE INSURANCE

Hub International Strengthens Healthcare & Construction Insurance Capabilities With Acquisition Of The Assets Of Eaton-Provident Group In Arizona

Hub International Limited | October 08, 2021

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Eaton-Provident Group, LLC (EPG Insurance). Terms of the transaction were not disclosed. Located in Scottsdale, Arizona, EPG Insurance is a property and casualty insurance firm serving businesses, families and individuals. EPG Insurance specializes in various industries, including senior living and construction, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities. EPG Insurance's keen understanding of the insurance business, their broad and multidisciplinary experience, and our shared culture and values makes them an ideal addition as we continue to grow in the region and guide clients, - Randy Perkins, President of Hub Southwest. EPG Insurance Principals Tim Schmidt, Greg Budiac and Jeff Schmidt, and the rest of the EPG Insurance team will join Hub Southwest. We are committed to our clients and look forward to continuing to help them protect their businesses and assets with expanded services, solutions and value through Hub, - Mr. Tim Schmidt. About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

Read More

AmTrust Exec Unveils New Commercial Crime Coverage

AmTrust | June 18, 2020

AmTrust Exec announced that it has introduced a new Commercial Crime product to provide coverage for a wide range of medium- and large-sized businesses. The monoline Commercial Crime product covers loss from employee and third-party theft of money, securities and other property. AmTrust Exec is a new division that was formed in January 2020 when AmTrust’s Corepointe Insurance Agency acquired Itasca, Illinois-based Euclid Executive Liability Managers, LLC. AmTrust Exec, a division of AmTrust Financial Services, Inc. offering a full suite of management liability products, today announced that it has introduced a new Commercial Crime product to provide coverage for a wide range of medium- and large-sized businesses. Melissa Schwartz joined AmTrust in January 2020 from Euclid Exec to lead their Commercial Crime product offering. Previously, Schwartz was the Fidelity and Crime Product Leader with Liberty International Underwriters. Read More: Orchid Insurance Launches New Mgu In Commercial Property Market The monoline Commercial Crime product covers loss from employee and third-party theft of money, securities and other property, including: Employee Theft (without manifest intent) Computer and Electronic Funds Transfer Fraud Fraudulent Impersonation Clients' Property AmTrust Exec is a new division that was formed in January 2020 when AmTrust’s Corepointe Insurance Agency acquired Itasca, Illinois-based Euclid Executive Liability Managers, LLC. The division offers products such as Directors & Officers Liability, Employment Practices Liability and more, including the new Commercial Crime policy. In this new age of cybercrime, we are finding that businesses are facing never-before-seen threats as criminals find ways to impersonate employees electronically and hack into accounting systems to misdirect funds. This new product is designed to protect against these kinds of sophisticated new schemes, as well as simple petty theft. - AmTrust Exec Senior Vice President James Seymour AmTrust Exec provides coverage for a wide range of sectors including Manufacturing, Non-Profit, Oil & Gas, Retail, and Telecommunications. Read More: Massachusetts’ Safety Insurance Extends Personal Auto Relief Credit About AmTrust Financial Services, Inc. AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, business owner’s policy (BOP), general liability and extended service and warranty coverage.

Read More

Spotlight

See how customers are rescued digitally using Allstate Roadside Services. Allstate Roadside Services offers white label and co-branded roadside assistance programs that drive customer loyalty to your brand. We serve many well-known automobile manufacturers, commercial fleet managers, automobile rental agencies, wireless providers and membership associations, among many other businesses in the U.S. and Canada.