The United States Department of Transportation has established new rules governing advertising that go into effect on January 24, 2012. The new rules establish higher standards for how airlines, tour operators, and travel agents advertise airfares. Here are some highlights: Airfares will now have to be advertised inclusive of all fees including taxes. Post-purchase increases…
Author: John Cook
Moral Hazard?
What is a “moral hazard”? It is a term used in insurance circles that describes the subjective choices a person makes or could make because they have insurance. Wikipedia describes it as: In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if…
Aruba Missing Girlfriend – beneath the story on Accidental Death Coverage!
You probably have been reading about the guy being held in Aruba on the suspicion of murder because of the presumed death of his girlfriend several weeks ago. One of the things that came to light early in the investigation is that he was the sole beneficiary on a $1,500,000 Accidental Death and Dismemberment policy. …
North Carolina – The Outer Banks and Mandatory Evacuations
One of the top news stories is the possibility of a mandatory evacuation for North Carolina’s Outer Banks because of the hurricane that is boiling away in the Atlantic.
Flight Insurance – What is it?
Flight insurance has been around for a long time. As a matter of fact the first person to be insured by one was President Woodrow Wilson when he insured a flight on May 6, 1919 with The Travelers Insurance Company. It’s been the basis for some critical studies in the 1950’s on pricing and expenses…