Will Travel Insurance pay if my kid’s school break is cancelled?

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by Danielle Bailey November 12, 2011 in Insurance News

As we head into the winter season, some because of snow days. When school is canceled due to severe weather, that time has to be made up somehow, and schools typically make up those days by extending the school year through breaks.

  • cancel or reschedule your trip (if you can)
  • take the kids out of school and go anyway

Depending on your students position in school and what events are planned for those extension days, taking them out may not be an option (especially if they are graduating soon).

Take a look at our explanation of schedule conflict coverage, which is a covered reason (in some plans) for trip cancellation. Thats the travel insurance protection that reimburses you for your pre-paid trip costs in the event you have to cancel for a covered reason.

On that page, we describe the types of schedule conflicts that are sometimes covered by travel insurance companies.

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The Khula Enablis Loan Fund

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by Danielle Bailey October 31, 2011 in Insurance News

Enablis Entrepreneurial Network have been re-naming their company become the Khula Enablis Loan Fund. It is reflective of the support that the company has committed to supporting South African entrepreneurs. Since entry into South Africa in 2004, Khula Enterprise has been Enablis funding partner. Khula has been an investor in Khula Enablis SME Acceleration Fund and the Khula Enablis Loan Fund during this time. It was committing a total of R60 million in financing opportunities to the entrepreneurs.

To date the loan fund has guaranteed loans to 62 entrepreneurs, of which11 are female entrepreneurs, and 42 are black entrepreneurs. This continued support demonstrates the enterprises commitment to its capability to address unemployment and the SME market.

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Swiss Re Steps Up Microinsurance Initiatives in Developing Countries

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by Danielle Bailey October 27, 2011 in Insurance News

Global reinsurer Swiss Re have added to their impressive international microinsurance platform this month with the announcement of a new three-year partnership with USAID to provide customizable, market-based insurance products for vulnerable communities throughout the Americas, Africa and Asia.

Microinsurance refers to insurance products designed to provide basic, inexpensive cover for low-income individuals and families who require protection for typical risks including the affects of severe weather conditions, healthcare, crop, life and non-life products. Microinsurance offers vital security options for populations that need insurance protection but until now have been unable, or even aware of, the ability to afford the relatively high cost of coverage. The premiums and coverage are kept at a low level in order to make the products affordable and attractive to these first time policyholders. For the insurers meanwhile, microinsurance presents a key commercial opportunity due to the high volume of available policyholders combined with low cost margins.

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Health Care Reform Disputes Move to Supreme Court

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by Danielle Bailey October 17, 2011 in Insurance News

The Obama administration and its challengers are taking their fight to the Supreme Court to address the the ongoing debate over whether the health care reform law should be deemed constitutional. The debates have been pushed through various circuit courts around the country over the past year, but the fight may reach its final destination in a few short weeks if filings are approved in time.

States Continue Fight to Repeal Health Care Law

Ever since the health care reform bill, named the Patient Protection and Affordable Care Act, was signed on March 23, 2010, various states pushed to have part of reform deemed unconstitutional. 14 states sued stating that the health care law should not include a mandate requiring Americans to purchase health insurance, claiming that it exceeds Congress’ power to regulate commerce, violates the Constitution and forces unnecessary costs on struggling citizens.

Within a few months, the number of states suing against the health care bill jumped to 26 with lawsuits popping up around the country. Som

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