Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for …
Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money …
More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency trading marketplaces. A blockchain extension by Qubit Finance, a DeFi lending firm, was exploited by a hacker on Thursday night, …
The state of Louisiana is now accepting buyout applications from some property owners in a Livingston Parish neighborhood that continually floods. The buyout program affects property owners in Priority Zone 1 of the Spring Park neighborhood of Denham Springs. The …
io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it has launched in Australia. The io.insure marketplace is designed to bridge the significant risk protection gap in the niche M&A …
The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers. Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of …
Chinese authorities summoned officials of AstraZeneca China regarding an investigation of suspected medical insurance fraud by the company’s employees, the National Healthcare Security Administration (NHSA) said on Saturday. The regulator of the state medical insurance fund said authorities ordered the …
A former Sedgwick County, Kansas employee alleges in a lawsuit that his coworkers called him the “colored guy” and sang spirituals from the slavery era while he worked as a bridge crewman. David Partridge, who is described in court documents …
Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is leading the capital-raise alongside international investment company Eurazeo, with participation of existing investors …
Seven people were hospitalized in critical condition Jan. 29 after suffering from carbon monoxide poisoning at a Hampton Inn in Ohio, officials said. A total of nine people were taken to local hospitals, according to The Columbus Dispatch. Marysville Fire …
