Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

n -African Mutual not coverage for equipment due to the unregulated nature of the industryn
Source: cryptscout
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

n - Old Mutual not coverage for equipment due to the unregulated nature of the industryn
: cryptscout
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

insurance Mutual has refused to insure rigs in , it harder to protect gear .
Source: cryptscout
Pan-African Insurer Old Mutual Will Not Insure Mining Rigs

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Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

Pan- Mutual not coverage for mining equipment due to the unregulated nature of the industry


: cointelegraph
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

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Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

n broker Aon will Metaco with crime insurance coverage via a of predominantly European insurersn
Source: cryptscout
Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

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Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

insurance Aon will provide solutions with crime insurance coverage via a group of predominantly insurers


Source: cointelegraph
Major Insurance Broker Aon Secures Crime Coverage for Crypto Custody Solutions Firm

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Metaco Offering Crypto Custody Insurance via Giant Broker Aon

Insurance Aon has lined coverage for of custody Metaco.
: cryptscout
Metaco Offering Crypto Custody Insurance via Giant Broker Aon

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Kik announces “Defend Crypto” Effort While Insurance Companies Test Blockchain

Key highlights

  • Kik announces #DefendCrypto
  • State Farm/USAA test
  • Coinbase adds EOS
  • Japan approves the new bill
  • Anchorage adds

Kik announces #DefendCrypto

This week, Kik, the messaging app, launched an initiative escalating its regulatory struggle against the U.S. Securities Exchange Commission (SEC). The new initiative called the DefendCrypto.org is a coordinated crowdfund campaign centered around fighting the SEC in court to push back against tokens like kin being considered securities in the U.S. This initiative is a continuous effort of Kik’s CEO Ted Livingston who in January, made waves in the crypto-economy when he revealed that his ’s interactions with the SEC suggested the agency was going to imminently declare the kin ICO as an unregistered securities .

State Farm/USAA test blockchain

This week, a few new mainstream companies tried their hands on blockchain and this time they were from the Insurance industry. According to some reports this week, leading insurance companies United States insurance State Farm and military-affiliated bank United Services Automobile Association (USAA) tested a blockchain-based subrogation solution with real claims data. The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.

Coinbase adds EOS

This week saw another coin found its way to Coinbase and surprisingly it was EOS. According to this weeks announcement, EOS was added to Coinbase.com and the Coinbase Android and IOS applications on May 30, 2019. EOS had already been active on the Coinbase Pro platform, a exchange designed specifically for traders, since around mid-April. However, the latest announcement now brings EOS to the entire Coinbase infrastructure, allowing all users to swap fiat and other cryptocurrencies for EOS, or vice versa.

Japan approves the new crypto bill

Another country attempts to give cryptos a legal status and this time it’s one of the pioneers of blockchain economy, Japan. This week Japan has officially approved a new amendment bill which now allows lawmakers to amend two laws related to crypto assets in the country. The bill was prepared by Japan’s Financial Services Agency (FSA) and has now been passed by both the houses of the Japanese Parliament.

Anchorage adds insurance

This week, Cryptocurrency Custodian Anchorage has added Insurance Coverage for storing digital assets. In the post, Anchorage — which raised $17 million in a Series A round led by Andreessen Horowitz — announced insurance coverage for institutions that covers digital assets under . The coverage comes as the result of a partnership with major insurance broker Aon. Anchorage outlined in the post that not all coverage of cryptocurrency insurance is equally as most custodians use a combination of hot and cold storage, on which policies may differ.






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: cryptoassethome
Kik announces “Defend Crypto” Effort While Insurance Companies Test Blockchain

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US insurance giants deploy Blockchain Joint platform to automate insurance claims

According to the latest reports, American State Farm and United Services Automobile Association (USAA) is testing a -based solution to automate the processing of labour-intensive automobile insurance claims. , the platform enables the firms to conduct scheduled payments, sum total payments and net the cash balance. In order to switch from the […]
: bitcoinwarrior
US insurance giants deploy Blockchain Joint platform to automate insurance claims

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