Wednesday, February 2, 2011

"Weather" Insurance

Japan: Insurer introduces country's first-ever rain cover


According to Asia Insurance Review 2nd February 2011 edition, Japan Insurance Co has begun to sell weather insurance, a product that reimburses the full value of travel costs if it rains or snows more than a certain amount at a customer's domestic destination, reports The Yomiuri Shimbun.


Sounds interesting. Perhaps the Insurers in Malaysia should also consider granting similar protection against exceptional bad traffic jams that may caused customers to miss flights, appointments etc resulting in loss of business, unnecessary expenses incurred etc?

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