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” HARTi and Mitsui Sumitomo roll out NFT insurance coverage for claims “ As announced on Tuesday, Japanese NFT Platform HARTi and insurance group Mitsui Sumitomo (三井住友海上) will roll out nonfungible token, or NFT, insurance for all digital artworks exhibited within the HARTi app. The insurance will attach to the NFT pieces on display by…
” 11% of US insurers invest — or are interested in investing — in crypto “ United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios. The investment banking giant recently released its…
” Finance Redefined: Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more “ The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading…
” The increasingly acute need for crypto-native insurance “ The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and property insurance —…
” InsurAce says it will pay millions to claimants after Terra’s collapse “ DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the Terra USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted…
” Question of centralization faces growing crypto insurance industry “ Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem. Investopedia reports that cryptocurrency insurance is seen as a “big opportunity,” with a spokesman from one of…
“Amazon will cover costs for workers who travel for abortions” Amazon will cover up to $4,000 in expenses annually for employees who need to travel to other states to access treatment for non-life-threatening situations including abortion and transgender care, the company told employees on Monday. The announcement came just hours before a leaked Supreme Court…
” The FDIC wants US banks to report on current and intended crypto-related activities “ The Federal Deposit Insurance Corporation, the United States government corporation that insures depositors at U.S. commercial and savings banks, issued a financial institution letter Thursday. The letter requests the institutions supervised by the agency to notify the appropriate regional director…
” Lemonade partners with blockchain bigwigs to combat climate change “ Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance. The insurance firm founded Lemonade Foundation, a nonprofit focused on creating social and…
“#Trying to lie to your insurance company? Your car will betray you.” The story began with a 20-year-old Manitoban saying he’d fallen asleep at the wheel in a newer model Chevy Silverado, veering off the road and crashing into a few parked cars. Fortunately, he told investigators, he’d been travelling only five km/h over the…