HolidayTravelWatch Comments on the Proposed Regulation of Travel Insurance
The enquiry, commenced by The Treasury Select Committee, into the sale of Travel Insurance and its regulation will benefit holidaymakers, where they suffer with holiday illness or accident, lose personal possessions or need to return to the UK or cancel their holiday unexpectedly. We consider that a regulatory regime will bring home to holidaymakers the very strong need to insure and make sure that they are fully covered!
The Financial Services Authority (FSA) have been charged with the task of determining the most appropriate way to regulate the sales of travel insurance. HolidayTravelWatch has responded to this consultation (note the appendices referred to are the reports to the Treasury Select Committee and HM Treasury, they are located within the Newsdesk).
Following the review of Travel Insurance Sales by the Treasury Select Committee and The Treasury, the Government has ordered the Financial Services Authority(FSA), to take steps to include the sale of Travel Insurance within a platform of regulatory control. HolidayTravelWatch (HTW) has been invited by the FSA to respond to their preliminary review.
To read the full document, please download the FSA review and HolidayTravelWatch Comments in PDF format.
Tags: holiday claims, holiday complaints, Holiday Food Poisoning Claims, holiday illness, Holiday Sickness
HTW has noted that amongst the submissions to the Committee on Toxicity (COT) it has been suggested that the symptoms highlighted by crew and passengers were akin to the condition of hyperventilation.
HTW has for many years received reports from concerned holiday makers or independent travellers as to the safety of their aircraft, ship or boat, train or road transport.
