How much money did americans spend on travel insurance last year?

Hello Thebungler,

According to the Insurance Newscast Newsletter published on April 29,
2004, Americans spend an estimated $1 billion a year for travel
insurance.

Excerpt:

?The leaders of seven of the nation's largest travel insurance
organizations have come together to create the US Travel Insurance
Association (UStiA) with a mission to foster ethical and professional
standards of industry conduct, cultivate effective state and federal
government relations, inform and assist members, and educate
consumers.

Approaching $1 billion in annual revenues, the U.S. travel insurance
industry protects tens of millions of Americans who travel at home and
abroad every year.  Travel insurance is unique within the insurance
industry in that it offers an unusually broad range of benefits and
services.  Bundled together to meet travelers' distinctive needs,
travel insurance often includes assistance services such as worldwide
emergency hotline services and medical evacuation, along with
insurance benefits for cancelled or interrupted trips, medical and
dental emergencies, lost or damaged baggage, damaged or stolen rental
cars, and travel supplier bankruptcies, among others.  Travel
insurance products are distributed by travel agents, travel suppliers
such as cruise lines and tour operators, credit card companies,
insurance brokers, and over the internet.?

Insurance Newscast: April 29, 2004
http://www.insurance-portal.com/042904.htm


According to an article at MSNBC News, the U.S. Travel Insurance
Association estimates that 20 percent to 25 percent of all travelers
buy policies today, up from 12 percent before Sept. 11.

MSNBC News
http://www.msnbc.msn.com/id/5225439/


I hope this helps!


Search terms used:
US travel insurance industry
US Travel Insurance Association

Best Regards,
Bobbie7

quickly and thoroughly anwered.