21 February 2024
The IA has warned insurers of the inherent risks related to premium financing as this is particularly sensitive to changes in interest rates. The surge in interest rates in the past two years has brought severe volatility to the market which has impacted both policyholders and the insurance market.
Mr Marty Lui, the IA’s head of Long Term Business (Acting), highlighted the risks involved in premium financing:
during periods of low interest rates, policyholders are able to use premium financing to benefit from the spread between their policy returns and bank loans and also amplify their returns…
Club Med, which offers stunning all-ages family resorts in Lijiang, Bali, Phuket, and the Maldives, is offering travelers an up to 40 percent discount for the summer.
The Discount will be active from May 21 until June 10 and is set to be applied automatically to guests at Club Med Lijang, Club Med Kani, Maldives, Club Med Finolhu, Maldives, Club Med Bali, and Club Med Phuket.
“At Club Med, we prioritize the importance of families, couples, and friends coming together to create cherished memories and share quality time,” Country Director for Thailand, Indonesia, India and New Markets Bruno Courbet said.…
The best COVID travel insurance is Seven Corners’ Trip Protection Basic, according to our analysis of travel insurance plan rates and coverage options.
Editor’s note: This article contains updated information from a previously published stories.
Best COVID travel insurance of 2024
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851 coverage details evaluated.…
Taking a vacation always carries a certain risk, but some travelers find that buying health insurance is no safety net in the case of an emergency.
Just ask Jennifer Huculak-Kimmel, the Saskatchewan woman who incurred a bill for $950,000 after giving birth prematurely while vacationing in Hawaii in 2013.
Huculak-Kimmel said her insurance company wouldn’t cover the massive bill due to a pre-existing condition — namely, a bladder infection she had four months into the pregnancy.
Many insurance claims are denied on the basis of pre-existing conditions. Here’s a closer look at this often confusing issue.
What is the definition…
Three customers who bought travel insurance from Canadian banks are outraged after being left with large foreign medical bills.
“They’re like a good gambler who never loses,” said Cyrus Derakhshan of Oakville, Ont. He is fighting RBC over a $16,500 claim denial for his 70-year-old mother. “For them it’s ‘Heads I win, tails you lose.’”
Cyrus Derakhshan is suing RBC after it denied his mom’s travel health insurance claim, citing ‘misrepresentation’ of her medical history. (CBC)
The banks refused to pay in these cases, based on how the customers answered broad-ranging questions about their health when they bought their policies.…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.
The Philippines is an archipelago comprised of more than 7,000 islands located 500 miles off the coast of Vietnam. It promises travelers a paradise of beaches, rainforests, waterfalls, underground rivers and rice terrace amphitheaters. There’s also the chance to experience the culture of indigenous tribes who still practice ancient traditions.
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Prepping for a Trip to the Philippines
If you’re planning a trip to the Pearl…
Martinique Lewis will include urban Jacksonville locations in articles and social media posts geared towards black tourists leading up to Juneteenth.
JACKSONVILLE, Fla. — In May the NAACP issued a travel advisory for the state of Florida. The organization did this after what it called “aggressive attempts to erase black history and restrict diversity in Florida schools” by Governor Ron DeSantis.
While this advisory is meant to keep black people safe and inflict economic impacts on the state, it may also be damaging to black owned businesses that rely on tourism dollars.
It’s summertime across the country, millions of Americans…
Domestic and foreign media are looking at Da Nang with admiration and expectations as the city has been named as the most liveable city in Viet Nam, a beautiful place that looks like Singapore, and more. The past decade was considered as the golden period of the city’s tourism as the city has received countless international awards.
Da Nang is attracting tourists from far and wide with bookings soaring for this summer. Photo: ST
In 2022 alone, Da Nang was honored with prestigious international titles, including ‘Asia’s Leading Festival and Event…
