Category: insurance
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Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Binance Smart Chain
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(Press release – City of Monaco, Monaco, June 10, 2024) Memeriuma flagship token of the Binance Smart Chain, is excited to highlight the ongoing pre-sale success of its innovative services. Designed to offer the first blockchain-based insurance, Memereum has positioned itself as a potential 100x investment opportunity in the crypto…
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Equity taps AAR boss to head new health insurance subsidiary
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Equity Group has appointed AAR Insurance Holdings CEO Patrick Gatunga as managing director of its new health insurer, as the financial services firm deepens its foray into the underwriting business. Sources said Mr Gatunga, who has been CEO of AAR since September 2022, has moved to Equity Group where he…
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Auto insurance inflation set to tap on the brakes, BofA economist says (NYSE:TRV)
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Rising auto insurance premiums have been a notable driver of inflation in the past few months. In April, auto insurance jumped 22.6% from a year earlier, the largest increase since 1979, Stephen Juneau, an economist at Bank of America Securities, noted in a recent note. “This has been an increasing…
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I’m the beneficiary on my ex-husband’s $250,000 life insurance. He’s now threatening to change it. Is he in breach of our divorce decree?
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“He was never faithful in our marriage, took pride in annoying the people he was with and not paying his bills.” (Subject of photo is a model.) – Getty Images/iStockphoto Dear Quentin, My ex-husband has a $250,000 life insurance policy. I am 50 years old and only have $45,000. When…
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Israel’s National Insurance faces an empty purse by 2036
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“In 2036, the fund will be empty, and without additional financing or the return of the funds taken to the state treasury, the National Insurance Corporation will not be able to meet its full obligations,” the Israel National Insurance Corporation’s latest actuarial report states. The date on which the National…
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Auto theft crisis deepens as insurance claims top $1.5 billion
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Article content Canada’s auto theft crisis is worsening, with insurance claims costs exceeding $1.5 billion for the first time. New data from the Insurance Bureau of Canada (IBC) shows insurance providers handled 49,679 claims related to stolen vehicles in 2023, with costs exceeding $1.54 billion for the year. Overall, the…
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138,000 herders register for livestock insurance
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The World Bank-supported livestock insurance program for Kenyan farmers has enrolled more than 138,000 herders, highlighting the growing popularity of the scheme. The Ministry of Agriculture and Livestock Development revealed the figures on Wednesday, adding that farmers benefited from benefits worth more than Sh2.7 billion in claims payouts and government…