Friday, September 26, 2014

Insurance for Delayed Flights in China

Insurance for Delayed Flights in China If you have experience flying to China you know how thousand of passengers packed Hongqiao Railway Station that services terminal two at Shanghai Hongqiao International Airport. China is known for delayed flights that gives headache to passengers that most of the time turns to angry mob. This is where flight-delay insurance are cashing in., a Chinese online travel site said that Chinese airports has a bad on-time records, last year they have 1,500 flights delayed for more than three hours when flying from Shenzhen to Shanghai alone. They said that the delays were because of a poor air traffic control. In the same period flights from Xiamen to Shangha had 1,000 flight delays of more than three hours.

So, having insurance for delayed flights is a necessity. The insurance work like this, if you buy the insurance for 20 yuan, the flight delay insurance will give you compensation of some 300 yuan if your flight is delayed by more than 3 hours.

Car insurance industry faces shakeup over price comparison websites in UK

Exclusive car insurance deals made between price comparison websites and insurers will become a thing of the past after the UK competition regulator ruled that these were not doing drivers any favours and should be banned.

The ruling was one of a number of measures recommended by the Competition and Markets Authority in its final report into the £11bn private motor insurance market.

It said some price parity clauses in contracts between price comparison websites and motor insurers were preventing insurers from making their products available more cheaply on other online platforms. This, it said, had the effect of restricting competition and leading to higher car insurance premiums overall.