A Web3/AI-powered insurance platform focused on disrupting the insurance industry by integrating NFTs and DeFi to deliver a decentralized global insurance platform.
Insurance News
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The FDIC said the last significant update of its sign and ad rules was in 2006, but it needed to address concerns including “misrepresentations of deposit insurance coverage.”
3327The closed fund will offer investors a 5% yield in Bitcoin and lend funds in BTC to institutions.
15838The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data.
SBF has directors and officers coverage through FTX Trading parent Paper Bird, but now that two companies have paid out $10 million, the third in line is balking, the suit claims.
16177The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy.
2713How can DeFi insurance protocols help combat the current vulnerabilities in decentralized platforms?
19992Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
3456A crypto insurance provider will typically assess at least 2,000 variables across 20 risk areas before they even consider insuring a platform, according to an insurance executive.
10154According to Accenture, 40% of working hours across various industries could be lost to AI as tools like ChatGPT continue to improve.
8423The creditor’s committee and FTX lawyers have raised several objections to Sam Bankman-Fried’s request. A hearing date is set for April 12.
14361The Treasury Department’s undersecretary for domestic finance, Nellie Liang, said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
15736Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover.
4906The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.
6421The banking coalition reportedly argued in a letter to federal regulators that it would bring stability to the banking industry and reduce the chances of “more bank failures.”
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