The State Department advises U.S. citizens to reconsider foreign travel - update on 3/11, page 8.

[LAX]

I felt the same way as you......
until just Sunday morning -

that will cause people like you and I to have to be quarantined for 14 days ish to prove we our negative in test results.....

Got up to 300 more hours in your work "Vacation bank" to use up if you are quarantined ??
or worse?
GET READY for this risk as I know of alteast two smart people making poor DCL and or travel decisions that is just going to make this virus continue - even into next year.

and the USA begins Corona virus testing this week -



believe me you -
I love all things Disney....
but not to the point of being quarantined.

For those not in the high risk group, I am not sure it's worth the risk of being quarantined. I would rather spend my 14 vacation days some where nicer or doing something better than being quarantined at home (or worse away from home).

LAX

 

[lorenni]

And companies like Disney, do not get "most insurance policies." Anything is insurable (if you are big enough, and have enough $$$, Disney falling well into that category), and I would be very surprised to find out that DCL (and every other major cruise line for that matter) doesn't have a policy that covers interruption of business due to a pandemic. (Note- said policy probably wouldn't cover all losses, and would likely have a limited time-frame, but it would definitely soften the blow).

Companies of this size generally self insure through captive insurance entities. They are not buying policies from third party insurers.

 

[ArielRae]

The State Department has said everyone should avoid cruises right now cause of the current Corona virus threat.

New York Times
https://www.nytimes.com/2020/03/08/us/politics/cruise-ship-warning.html
Florida Sun Sentinel Newspaper
https://www.sun-sentinel.com/corona...0200308-suas6rpni5a4desguaorsrfhpm-story.html
ABC News Video

 

[dprincessmom]

It will be interesting to see how this all plays out as we move into the coming months.

 

[n2mm]

I think this info came out yesterday. I’m waiting to see if dcl changes their updates to reflect this info. I’m booked for the April 18th Cruise and taking my time to decide what to do since I’m still 5 weeks away. I do have a plan B ready to go too.

 

[Gentry2004]

I think this info came out yesterday. I’m waiting to see if dcl changes their updates to reflect this info. I’m booked for the April 18th Cruise and taking my time to decide what to do since I’m still 5 weeks away. I do have a plan B ready to go too.

I’m guessing in DCL’s mind the current policy addresses this already.

 

[BartmanLA]

I can see the State Dept's reasoning behind this, putting many people together in close quarters for a week or more can effectively vector any illness brought on board by even a single passenger. Refraining from cruising is just their way of trying to eliminate the spread of the virus. I know they're suggesting people reduce or stop non-essential traveling all together but I am curious why they haven't addressed people flying, there's many thousands/millions of people flying in planes that are pressurized air canisters for hours. That would seem to expose many more people than cruise ships would.

 

[_auroraborealis_]

I can see the State Dept's reasoning behind this, putting many people together in close quarters for a week or more can effectively vector any illness brought on board by even a single passenger. Refraining from cruising is just their way of trying to eliminate the spread of the virus. I know they're suggesting people reduce or stop non-essential traveling all together but I am curious why they haven't addressed people flying, there's many thousands/millions of people flying in planes that are pressurized air canisters for hours. That would seem to expose many more people than cruise ships would.

Air travel is less fraught because of air filtration and the lack of catering.

 

[MarkLT1]

Companies of this size generally self insure through captive insurance entities. They are not buying policies from third party insurers.

For normal things, like "Liability over Little Joey broke his leg while trying to jump off the Haunted Mansion ride" you are absolutely correct.

For rare but extremely costly business stopping issues like pandemics? Not so much. Large companies will "self-insure" business stoppage by keeping enough cash set aside specifically to cover interruption to their operations, but in many cases (and I would guess with Cruise line's heightened risk exposure to illnesses would include them), even large mega-corps will purchase forms of insurance policies to offset risk after a certain amount of lost operational time/$.

My guess (pure speculation) is that DCL has a certain amount of cash on hand, to cover loss of operation for some amount of time deemed appropriate by their finance and risk people. I would guess they then have a portfolio of catastrophe bonds, which would pay out in the event that this thing is actually labeled a pandemic that is directly affecting DCL's operations. (A fun-fact, the Japanese operator of Disneyland Tokyo was the first non-insurance company to sell catastrophe bonds to protect themselves, in that case from earthquake risk). Finally, I would guess that DCL does have a "stop-the-bleeding" third party policy for things such as pandemics, should the time period and losses exceed some higher amount.

One way to think about it- their cash-on-hand and potentially cat-bonds would be their self-insurance "policy," and their third party insurance would be a form of "re-insurance" to further dilute/distribute their risk. (Another fun-fact- insurance companies buy insurance from other insurance companies on high-payout events called "re-insurance," and there are even situations where the company re-insuring buys a re-re-insurance policy.. it is turtles all the way down).

 

[dclpluto]

Guess you didn’t see the thread already on this subject. Mods you know what to do

 

[DreamsElaine]

Make sure to read the article, not just the headline. At this time, the warning is intended for those with underlying health conditions and the elderly. If you are unsure if you are healthy enough to travel, you should consult with your physician. At this time, DCL has not changed their policy any different from the 100% Future Cruise Credit for those sailing by May 31, 2020.

 

[Maggie'sMom]

Companies of this size generally self insure through captive insurance entities. They are not buying policies from third party insurers.

They will self-insure (or insure through a captive, they are differences between the two although they act the similar) up to a certain level of losses, but will purchase reinsurance for above that retention. An event of this magnitude would definitely go above the retention limit and trigger a reinsurance policy. Think of how long the Asian parks have been closed. Now issues with cruises on top of that? Third party insurers are no doubt involved at this point.

 

[_auroraborealis_]

Reality though is even if you are low risk, is everyone in your life? That person next to you in line at Target on your return?

 

[AmishGuy91]

Make sure to read the article, not just the headline. At this time, the warning is intended for those with underlying health conditions and the elderly. If you are unsure if you are healthy enough to travel, you should consult with your physician. At this time, DCL has not changed their policy any different from the 100% Future Cruise Credit for those sailing by May 31, 2020.

Actually no, the warning is for all US citizens with added emphasis on if you have underlying conditions.

 

[Gentry2004]

Make sure to read the article, not just the headline. At this time, the warning is intended for those with underlying health conditions and the elderly. If you are unsure if you are healthy enough to travel, you should consult with your physician. At this time, DCL has not changed their policy any different from the 100% Future Cruise Credit for those sailing by May 31, 2020.

Actually, the CDC travel warning is for everyone.

Here is the direct quote:

“Because of the unusual nature of the novel coronavirus outbreak, the US government is advising US travelers, particularly those with underlying health issues, to defer cruise ship travel.”

 

[SL6827]

I think this info came out yesterday. I’m waiting to see if dcl changes their updates to reflect this info. I’m booked for the April 18th Cruise and taking my time to decide what to do since I’m still 5 weeks away. I do have a plan B ready to go too.

As I will next year too.

 

[xuxa777]

Thread about this already posted yesterday - https://disboards.com/threads/state-dept-and-cdc-advises-no-cruise-ship-travel.3795740

 

[DisUniversal]

I think they're distracted by cruises because it's an easy target right now. I'd be FAR more concerned about going to the parks than I would be about going on a cruise right now.

 

[Gentry2004]

I think they're distracted by cruises because it's an easy target right now. I'd be FAR more concerned about going to the parks than I would be about going on a cruise right now.

The difference with the parks is you can scoot home and self quarantine there. Not on some military base.

 

[n2mm]

Actually no, the warning is for all US citizens with added emphasis on if you have underlying conditions.

thank you! I keep seeing it’s for ALL US citizens.....but people keep saying, oh, they only mean the folks with issues. I thought ALL meant ALL