We just learned today that the Colorado Insurance Department issued a “Cease and Desist” order on March 24, 2009 to Prime Travel Protection and/or Jerry and Christine Watson. I first wrote about Prime Travel Protection on January 29, 2009 after they announced filing for bankruptcy and after news that the Florida Insurance Department was investigating…
Author: John Cook
Happy Birthday – The Travelers!
Happy Birthday to The Travelers Insurance Company – 145 years old today. Why is it important? Because it was on April 1, 1864 that The Travelers opened it’s doors in order to offer travel insurance to people traveling – hence the name The Travelers. Just imagine, in the middle of the Civil War, businessman James…
Charter Airline Flights – Consumer Protection
A question came up today about charter airline flights and what if any consumer safeguards are in place for travelers who use them. The question centered on what would happen if the tour operator canceled the trip; would travel insurance pay? The answer is maybe! It depends on the reason why they canceled the trip.…
Not So Prime Travel Protection
I just read an article from Travel Weekly dated 1/27/09 that Prime Travel Protection closed their doors and hopes to file Chapter 7 Bankruptcy. I am amazed that they’ve been in business for any length of time. It appears that they were like another travel protection company from a couple of years ago, Trip Assured.…
How to protect your travel investment during unsettled economic times.
Is there any good news about the economy? Every time you turn around you hear about another segment of the economy that has been affected. Will the current economic problems effect your travel arrangements? It might! Most travel suppliers are small businesses; the very ones who are being squeezed by the credit crunch. This increases…