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Breaking News

BA strike: leading travel insurer fears loss of millions

BA strike: leading travel insurer fears loss of millions

Leading travel insurance provider InsureandGo has claimed that thousands of holidays, costing millions of pounds in total, could be lost if the strike of British Airways’ cabin crew goes as announced by the unions.Cabin crew of the British Airways have voted in favour of a 12-day-long industrial action starting from December 22.

InsureandGo warns that the travel insurance industry will see a huge spike in claims with the industrial action taking place over the Christmas period. It estimates that, across the travel insurance industry in2008,over 20,000 claims per month were made for flight cancellations, costing£9.7m. With British Airways cabin crew threatening an 'unspecified' number of days of industrial action over Christmas, this figure could increase dramatically this December.

Most travel insurance providers cover trips booked before any strike action was known about, so anyone who booked a Christmas flight before this week could potentially get their money back. InsureandGo are covering trips made before the 4th November 2009, which was the first date that a notification was made of an intention to strike.

Perry Wilson, founder of InsureandGo, said: “Christmas isa huge traveling period as people fly away for winter sun or to visit friends and family around the world. The BA’s cabin crew’s strike will ruin the plans of thousands of people and cost the travel insurance industry millions of pounds. We expect to see a major increase in flight cancellation claims."

The travel association ABTA estimated around three million Britons traveled abroad last Christmas.

 

UK leads G7 countries in broadband subscriptions

UK leads G7 countries in broadband subscriptions

The share of broadband subscribers in the United Kingdom(29% in 2008) has been recorded as the highest among G7 countries. An OECD (Organization for Economic Cooperation ...

OECD asks Israel to ensure transparency in defence deals

OECD asks Israel to ensure transparency in defence deals

Israel should be more proactive in detecting,investigating and prosecuting foreign bribery cases, notably those involving the defence industry, according to a new report ...


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Book questions CCRC’s role as hope for the innocent

Book questions CCRC’s role as hope for the innocent

The role of the Criminal Cases Review Commission (CCRC), the independent public body set up to investigate possible miscarriages of justice, is questioned in anew book la...

Brand Tiger is far from finished, says a brand expert

Brand Tiger is far from finished, says a brand expert

Leading brand strategy consultant Simon Middleton believes that brand Tiger Woods will recover following his recent indiscretions.

"Frankly, I don’t think it will tak...

OECD unemployment rate up at 8.8% in October

OECD unemployment rate up at 8.8% in October

The unemployment rate for the Organization for Economic Cooperation and Development area was 8.8% in October 2009, 0.1 percentage points higher than the previous month an...

Cash-strapped Brits selling ‘unwanted’ jewellery for Christmas

Cash-strapped Brits selling ‘unwanted’ jewellery for Christmas

As the price of gold is at an all-time high, record numbers of Brits are selling their 'unwanted' jewellery at gold parties being organized by the firm "Ounces to Po...

Hackney people shine at annual residents' awards

Hackney people shine at annual residents' awards

A woman running a mentoring course, a teenager helping her peers to learn right from wrong, a group committed to bringing different cultures together through a gardening ...

Sports viewing to go 3D from FIFA world cup 2010

Sports viewing to go 3D from FIFA world cup 2010

Electronic giant Sony Corporation and FIFA have today announced an agreement for selected media rights of the 2010 FIFA World Cup(TM) in 3D. FIFA is to produce the world'...

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