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Travel Insurance Concerns Are Abated

By Linda Tancs

With today’s economic uncertainties, travelers may be taking a closer look at the “comforts” of travel insurance. Of course, that coverage is only as good as the company standing behind it. That’s why purchasers of AIG’s Travel Guard may have suffered some heartburn recently, at least until news of Uncle Sam’s $85 billion bailout. For greater ease of mind, the company has sent out a release assuring customers that subsidiaries, like Travel Guard, are able to meet their obligations. If only the same could be said for the rest of the industry.

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