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Berkshire Hathaway expects Americans to buy more travel insurance in '17

A Berkshire Hathaway Travel Protection white paper expects travel insurance sold to Americans to rise 4.9% in 2017.

According to the report, 36% of travelers surveyed expect to buy more insurance this year. About 61% of travel agents said 2017 would be a better year for travel insurance.

The company's report used surveys and a predictive global travel model to produce the findings.

Berkshire Hathaway Travel Protection is the trade name of Berkshire Hathaway Specialty Concierge LLC, a subsidiary of Berkshire Hathaway Specialty Insurance Co. and Berkshire Hathaway Inc.