Welcome!

News Feed Item

Berkshire Hathaway Specialty Insurance Enters Travel Insurance Business

Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, today unveiled AirCare™, the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel suppliers.

AirCare™ is the first low-cost fixed-benefit flight protection coverage available up to one hour before flight departure.

AirCare™ coverage is priced at an affordable $25 per trip and pays $1,000 to travelers for tarmac delays of more than two hours; $1,000 if a traveler experiences lost or stolen luggage; $500 if a flight delay causes a traveler to miss a connecting flight; $500 for luggage delayed more than 12 hours; and $50 if a traveler experiences more than a two-hour flight delay. AirCare™ also includes proactive travel-assistance solutions through MyAssist™, a global-assistance and concierge service.

AirCare™ was developed in response to what is shaping up to be one of the most disruptive and expensive years for travelers. Publically available data from FlightAware shows this has been the worst year on record for flight cancellations in the U.S., with nearly 90,000 flights cancelled since December 2013.

According to masFlight, a data company specializing in airline operations, weather disruptions in January alone resulted in 300,000 flight delays. Thirty million U.S. passengers were impacted by delayed or cancelled flights, costing $2.5 billion in lost productivity and additional incurred expenses for items such as hotel rooms and meals.

AirCare™ is the first of several innovative travel-protection products slated to be released under the Berkshire Hathaway Travel Protection name over the next several months.

Berkshire Hathaway Travel Protection will operate under the leadership of John Noel, one of the true pioneers of the travel insurance industry and leverages the capabilities of MyAssist™ and Insure America™, both part of Berkshire Hathaway Specialty Insurance.

"We are very excited to enter the travel insurance business and to have John and an experienced team leading Berkshire Hathaway Travel Protection," said Peter Eastwood, president of Berkshire Hathaway Specialty Insurance. “We believe there is long-term profitability in the market and the introduction of Aircare will put us in a position to satisfy the needs of travelers from day one.”

“I’m excited about this opportunity,” said Noel, president of Berkshire Hathaway Travel Protection. “We’ve created simple, inexpensive travel insurance that covers what’s never been covered before. It’s a real game-changer in the marketplace, and the timing couldn’t be better, with the record number of flight delays and cancellations this past winter combined with the rising cost of air travel. Consumers are desperately seeking assistance when things go wrong.”

AirCare™ is available for purchase from the bhtp.com website. It will also be made available to travel agents and other travel suppliers.

About Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) is a division of the Berkshire Hathaway Group of Insurance Companies and provides commercial property, casualty, healthcare liability, executive and professional lines insurance and programs for customers across the U.S. Berkshire Hathaway Specialty Insurance underwrites on the paper of Berkshire Hathaway's National Indemnity group of insurance companies, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has regional underwriting offices in Atlanta, Chicago, Los Angeles and New York. For more information, contact [email protected].

About Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection is the marketing name for travel protection and services of Berkshire Hathaway Specialty Concierge, LLC, a subsidiary of Berkshire Hathaway Specialty Insurance Company, part of the National Indemnity group of insurance companies. Berkshire Hathaway Specialty Concierge, LLC provides personal and emergency assistance services, and liability-protection products to customers. Our hallmarks are a dedication to the highest levels of customer service, family-centric work environment, and commitment to individual growth and abilities. We truly believe our direction is guided by our values. Berkshire Hathaway Travel Protection created AirCare™ flight protection and other innovative products, and backs them with high-tech enhancements and industry-leading customer service. AirCare™ will be written on the paper of National Fire & Marine Insurance Company. Visit bhtp.com for more information.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to m...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
Building custom add-ons does not need to be limited to the ideas you see on a marketplace. In his session at 20th Cloud Expo, Sukhbir Dhillon, CEO and founder of Addteq, will go over some adventures they faced in developing integrations using Atlassian SDK and other technologies/platforms and how it has enabled development teams to experiment with newer paradigms like Serverless and newer features of Atlassian SDKs. In this presentation, you will be taken on a journey of Add-On and Integration ...
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" ...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...