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Re:Thomas Cook Shuts Down by jey on Monday September 23, 2019 @01:23PM (#21051090)
It's a mandatory insurance program run by the UK government: https://en.wikipedia.org/wiki/Air_Travel_Organisers'_Licensi...
Re:Thomas Cook Shuts Down by CodeBeater on Monday September 23, 2019 @01:26PM (#21051135)
Insured or not, most other countries will find a way to bring you back into your country of residence, usually by securing you a seat that's not available to the general public (like a jump or a stewardess seat).

I'm just not entirely sure how they would go about doing it in such a large scale if no such insurances were in place.