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Travel insurance payouts soar

The Association of British Insurers (ABI) has revealed that the number of travel insurance claims made in 2017 increased by 30,000 year-on-year to 510,000, costing £385 million, amounting to one claim every minute throughout the year. This is the highest amount paid since the £455 million Icelandic ash cloud payouts of 2010 and was largely…