Your search for “weather AND refund”

You may have seen a press release on the Artemis news page today discussing the iTravel2000 ‘Let It Snow’ weather refund promotion backed by weather risk firm Weatherbill. The promotion promised to refund customers who booked a holiday in a defined period if a certain amount of snow fell on set locations in Canada on […]

Weather refund promotions backed by weather insurance and derivatives appear to be all the rage at the moment. The latest one to come to light is a promotion from Knar Jewellery called ‘Let it Snow‘. The promotion, being run for their 30th anniversary of business, offers a refund to anyone who bought a product in […]

Weatherbill have published a great paper looking at their recent weather refund promotions in more detail. We’ve written about some of their deals in the past; the recent Rain Check deal with Sunquest Vacations, Sunshine Guaranteed for Priceline.com, Let It Snow for iTravel2000 and their deal guaranteeing the weather at the Wimbledon tennis tournament. All […]

Weatherbill have struck a deal with another holiday company to provide weather insurance to their customers. Sunquest Vacations, a Canadian travel company, are offering a policy called RainCheck which acts as a rainfall protection guarantee by offering another trip to travelers with the policy who experience rainfall of half an inch for half the days […]

Guaranteeing the weather at tennis tournament Wimbledon in the UK may seem an impossible feat given the usual fortunes of the spectators. The last week of June in the UK is notorious for rain (given the fact that both Wimbledon and the Glastonbury festival occur at that time). This year of course the spectators have […]

Weatherbill have provided the cover for another innovative travel scheme similar to their deal with Priceline. They’ve entered into an agreement with itravel2000.com, Canada’s largest online travel retailer, to provide coverage for their promotion, “Let it Snow”. WeatherBill will provide up to $100m CDN in snow coverage. The deal involves itravel2000 customers receiving a refund […]

According to the publication Travel Weekly (article here), Weatherbill are looking to target UK travel companies in an attempt to capitalise on their recent deal with Priceline.com. Good move by Weatherbill. The UK travel industry (particularly tour operators) do not use alternative methods to hedge against weather either for their customers or their own bottom […]

Weatherbill, the online service offering weather protection to businesses, has arranged a novel deal for Priceline.com Inc. (NASDAQ: PCLN), a leading online travel agent. Priceline are offering a new holiday package called Sunshine Guaranteed to over 100 destinations in the U.S., Canada, the Caribbean and Europe. The deal, being run as a limited time promotion, […]

Some of the companies known for being reinsurance providers of “last resort” could step in to fill some last minute holes at the Florida renewals, according to analysts at KBW, but this would likely only be in higher-quality accounts.

We’ve written pretty extensively about weather refund promotions which are becoming popular as a way to pass on some risk protection to customers and entice them to book their trip with less regard for how the weather might actually turn out. Most of the promotions we’ve covered have been protecting against rainfall, lack of sunshine […]