The Metaverse and Insurance: How Will it Work?

Metaverse and Insurance

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…

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Auto insurance rates will rise in 2022, regardless of COVID-19

Auto insurance rates - Increase 2022

No matter what the pandemic decides to do this year, drivers will be paying more than in 2021. Auto insurance rates were broadly discounted, refunded and otherwise reduced over the last couple of years, starting in 2020 when the pandemic began and sent employees home to work remotely or, in less fortunate cases to be furloughed or laid off. The lack of drivers on roads meant that the risk of crashes decreased, reducing the cost to insure vehicles. As it became clear that it was less costly to insure people’s…

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