Globe and Mail – Travel insurance ‘confidence issue’ under review by regulators

The Canadian insurance industry has a confidence issue with the reliability and consistency of travel insurance policies, and several associations have pledged to investigate public concerns.

The Canadian Council of Insurance Regulators (CCIR), a national association that includes industry watchdogs, said it has formed a research group and is seeking comments from the public, insurers and brokers about their views on travel insurance.

Sivan Tumarkin, an insurance lawyer at law firm Samfiru Tumarkin LLP who is representing the Saskatchewan couple in the Million Dollar Baby case, said consumers– who are particularly vulnerable when they are away from home–should not have to read all the fine print in their individual policies to understand basic provisions that exclude coverage.

Read the article in the Globe and Mail here.