Travel cancellation insurance is a thing that exists. It would be nice to see a travel cancellation insurance product which pays out based on the following automatically and easily verifiable outcomes:
1. Customer turns up.
2. Plane leaves within a certain range around scheduled time.
3. Plane arrives at destination.
4. Plane arrives at destination within a certain range around the scheduled time.
5. The price of the trip.
6. Weather events make things difficult.
Airlines could either integrate or not.
Maybe the premiums would have to be higher due to a higher occurrence of payouts, but maybe they wouldn't have to be so high due to the number of claims processing people you now do not have to employ.
Maybe I am oversimplifying.