Tag: insurance policies

The Next Step For Decentraland Is Insurance

Elizabeth Price
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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The Most Important Things To Know About High Value Homeowners Insurance

Guest Author

While a standard home insurance policy may provide a passable level of protection, high value homeowners may struggle to enjoy the proper peace of mind. The additional coverage that high value homeowners insurance has to offer alleviates many of the more common concerns but there is a wide range of considerations that need to be made. By taking the time to do the necessary research, it has never been easier for a high-value homeowner to zero in on the coverage that they need. The more protection that a homeowner obtains for…

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Citizens Insurance is still battling thousands of Hurricane Irma lawsuits

Nordstrom
Citizens Insurance - Hurricane Irma - Home Destruction

The Florida insurer of last resort is still grappling with legal challenges from two years ago. Florida Governor Ron DeSantis and state lawmakers recently approved a Citizens Insurance overhaul plan. The overhaul redesigned the controversial “assignment of benefits” practice. It also added new restrictions regarding lawsuits that can be filed against insurance companies. The state-backed insurance company will still need to deal with its thousands of existing lawsuits. Citizens Insurance is still attempting to work its way through thousands of existing lawsuits. These were filed well before the overhaul was…

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Storm insurance losses from Hurricane Florence may reach $5 billion

H. Cutner
Storm insurance - Hurricane from space

North and South Carolina are still in only the earliest stages of gauging the wind and water damage. Analysts are beginning to attempt to determine what the storm insurance losses from Hurricane Florence will be, even at this early stage. Regions of both North and South Carolina are just getting started in determining the extent of the damage left behind by the massive Atlantic storm. Early estimates may not necessarily reflect final totals, but the industry is trying to get a hold of the numbers. Risk Management Solutions (RMS) has…

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Amazon insurance policies to begin selling in India

Marc
Amazon insurance policies in India - Flag of India

The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country in the world, by population. The goal of the insurance policy sales is to boost Amazon’s Indian financial service portfolio. The Amazon insurance policies will be sold as the company “aims to carry out the business of soliciting, procuring and servicing insurance as…

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A new Amazon health insurance comparison site is in the works

Marc
Amazon health insurance - Woman Holding Iphone 6 Space Gray With Service Amazon

The online retail giant is in discussions with European insurers for a U.K. price comparison website. Amazon.com Inc. has entered into discussions with E.U. insurers in the hopes of forming an Amazon health insurance price comparison site for the United Kingdom. This new site is in its earliest planning stages and official details have yet to be released. A Reuters and Fortune report pointed to an Amazon health insurance price comparison website for consumers in the U.K. That said, neither stated whether or not there are any intentions to actually…

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Cyber insurance providers may face greater risk than natural disasters

Marc
Cyber insurance providers - cyber attack - internet - online - Hacker

Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane. It took a number of years for cyber insurance providers to be taken seriously. However, with the rising frequency and cost associated with high-profile and widespread attacks, that situation is changing. Insurance policies against hacking and data breaches are becoming the standard among large businesses. A recent PYMNTS report outlined the rising trend toward this type of coverage. Moreover, it pointed out that, moving forward, cyber insurance providers will face major risks. They…

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