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Insurer Begins Accepting Cryptocurrency for Premium Payments

Michigan-based Universal Fire & Casualty Insurance Co. has started accepting cryptocurrency for premium payments. The company, which insures small businesses and offers surety bonds products, says the move is to increase its competitive market position as part of a broader …

Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide

As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital space. “I think [the pandemic] has brought a lot …

Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority

ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal …

Study: Abandoned S.D. Gypsum Mine May Extend Below Interstate

An abandoned gypsum mine in Black Hawk, S.D., that was exposed by a sinkhole in 2020 may extend farther than current mapped areas show, according to a geophysical study. Mohammad Sadeghi, a professor of geological engineering at Montana Technical University …

12-Year-Old Injured in Ride on Branson, Missouri, Roller Coaster

State inspectors on June 21 were at a roller coaster attraction in the popular Missouri tourist town of Branson, trying to determine how a 12-year-old boy was badly injured in an accident. The accident happened around 7:30 p.m. June 20 …

Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc. said on Tuesday. “It’s like …

Extreme Weather, Repair Woes to Push Property Insurance Higher: Hippo CEO

Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners stayed home during the pandemic, …

Beazley Introduces Digital Map to Navigate Telehealth Regulatory Landscape

Specialist insurer Beazley is now offering the telehealth sector a new tool designed to help navigate the complex digital health regulatory landscape. In partnership with law firm BakerHostetler, specialist insurer Beazley has created a multi-layered interactive digital map that provides …

Tennessee Mining Company Accused of Firing Employee Over Safety Complaints

Federal regulators have brought a complaint against a zinc mining company, claiming that an employee in Tennessee was illegally fired for making safety complaints about the mine. U.S. Secretary of Labor Marty Walsh filed the complaint earlier this month with …

North Carolina Looks to Protect Outer Banks Highway from Storms, Sea Level Rise

A task force has been formed with the aim of saving the main highway on North Carolina’s Outer Banks from storms, erosion and sea level rise. The Virginian-Pilot reported last week that the task force will focus on protecting seven …

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