The Next Step For Decentraland Is Insurance

decentraland metaverse insurance

Given the current hype surrounding the metaverse, Decentraland has emerged as one of this relatively new industry’s leaders since its launch in February 2020. A fully decentralized virtual world, Decentraland’s growth has been among the most successful. Even its most recent 14% dip in value has done little to quell the buzz investors and high-profile entities have shown. Case in point, in March, IMA Financial Group announced that it was launching the first-ever metaverse insurance and risk management research and development facility in Decentraland. This bold move aims to set new industry services that…

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What is the Silent Generation?

Silent Generation - Seniors

While Boomers, Millennials and Gen Z are regularly in the spotlight, this group is often overlooked. The Silent Generation is a term referring to people who were born between the years 1925 and 1945. Though they’re not in the spotlight as often as other age groups, they have defined needs and preferences in how they are served by the insurance industry. As popular as technology is, this group is less inclined to use it to obtain the services they require. The Silent Generation is among the least inclined to use…

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Is crop insurance worsening the United States food crisis?

Crop Insurance - Food Cost

The price of nearly everything at the grocery store is on the rise and coverage might be exacerbating it. Federally subsidized crop insurance programs have incentives built in that can, in certain circumstances, make it more profitable for farmers to abandon their attempts to grow than it is to plant a field of food. The weather conditions this year are playing into those circumstances, further risking the US food supply. Unusually cold and wet weather in many Midwestern states, such as Minnesota, have meant that only a small percentage of…

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Michigan auto insurance reform bill causes walkout in surprise House hearing

Michigan auto insurance - Bill - laws

This was the first hearing of its nature, meant to address medical service fee cut complaints. A recent surprise Michigan auto insurance hearing in the House was intended to respond to complaints received regarding medical service fee cuts for catastrophic crash survivors. The result was that Republicans walked out. The bill failed to advance, and it was removed from committee by the House leaders. The House members who took part in the walkout of the House Insurance Committee meeting said that the Michigan auto insurance bill was not listed in…

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Insurance industry is suffering from the impact of climate change

Insurance Industry - Climate Change loss

According to a new Capgemini report, only about 8 percent of insurers are adequately preparing. Climate change has been causing harm to the insurance industry, but only about 8 percent of insurers are adequately preparing for the impact of its risks, according to a report published by Capgemini consultants and the Efma industry body. Losses from natural disasters have exploded by 250 percent over the last three decades. The report stated that over the last thirty years, insured natural catastrophe losses have risen by a tremendous 250 percent. Severe storms…

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Gov DeSantis says ‘significant reforms’ coming to Florida home insurance

Florida home insurance - Reforms

Another insurer has dropped 64,000 policies, sending the state into an even worse condition. With only a week and a half left until the Atlantic hurricane season begins, the Florida home insurance crisis has achieved urgent status. Property owners across the state have been scrambling to obtain the coverage they require. Even worse, in a market already bleeding policies and insurers, FedNat Insurance Company and its sister companies have dropped over 68,000 Florida home insurance policies. This insurance news has arrived just as the special legislative session has been scheduled…

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California health insurance can help people find housing in the state

California health insurance - homes - houses

A new experimental plan has been rolled out through Medi-Cal for added support to plan members. A new experimental California health insurance program has been launched to help ease the massive homelessness crisis occurring across the state. The idea is that state residents will be able to obtain housing assistance through their coverage. The program is called CalAIM. It is a unique, experimental California health insurance program that brings healthcare together with housing across the state for the first time. This new strategy allows certain Medi-Cal recipients that are at…

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