Airline cancellation insurance

This seems pretty interesting, especially from an actuarial perspective. Or maybe I just do really boring stuff all day if this seems cool to me.

http://ift.tt/1YjASBr

Quote:

A Boston-area startup, born of a disastrous ski trip 10 months ago, aims to offer an alternative. For $19 to $34, the company, Freebird, guarantees it will buy you a ticket to your destination, regardless of cost or carrier, if a flight is canceled or delayed more than four hours or a connection is missed due to an airline’s delay.

Airline cancellation insurance