Tag: virtual reality

State Farm Insurance company dives into the metaverse

Nordstrom
Insurance company - Metaverse

The insurer celebrates its 100th birthday this year but isn’t letting its age hold back its forward progress. State Farm Insurance company may be turning 100 years old this year, but it is also leaping forward with the latest technology by entering the metaverse. The insurer has announced that it is looking ahead to a future that includes the metaverse. The insurance company announced that it would be stepping into the metaverse as a part of its path ahead with technology. “At 100 years young, State Farm is harnessing the…

Read More

The Metaverse and Insurance: How Will it Work?

Guest Author

In tech circles, you may have heard whispers of the mysterious-sounding “Metaverse.” Facebook unveiled its plan to go “Meta” in October 2021, but there are swirling uncertainties as to the actual features and implementation of this new technology, which promises a level of virtual reality and interconnectability that was previously unimaginable. Large amounts of capital are being pumped into the Metaverse. It could even become an integral part of Web 3.0, together with blockchain and Bitcoin. When it comes to regulatory issues like insurance concerns, however, it can be difficult…

Read More

IDRA drone insurance policy receives much needed streamlining

G. Turner
drone insurance policy

The International Drone Racing Association has condensed its liability coverage into a single policy. The International Drone Racing Association (IDRA) has created a new condensed version of its drone insurance policy. This makes it possible for pilots to purchase a single policy regardless of the number of drones they have. This new policy has worldwide coverage for IDRA members and does not have a deductible. The new drone insurance policy provides $1 million in coverage for $265 per year. Upon purchasing the coverage, the insurance becomes active within 24 hours.…

Read More