The Wall Street Journal’s Wall Street Select site shares a press release from InsureMyTrip, detailing how travel insurance has changed since Hurricane Katrina. An excerpt quotes InsureMyTrip’s President and CEO Jim Grace as saying:
“The 2005 hurricane season was a wake up call for the industry…Prior to that time, weather-related insurance for travelers was mostly limited to protection if your airline or cruise line ceased operating due to severe weather. The damage and destruction brought on by the 2005 storms was a call to action for change, to work harder to protect people better.”
The full release can be found on Wall Street Select.