Relm Insurance, a Bermuda-based company that is a prominent specialty insurer for growing crypto businesses, has released a statement distancing itself from the fallout from FTX and Alameda, both of w...
Tag: insurance
What Is High-Net-Worth Insurance?
high net worth insurance Insurance is designed to protect you financially in case the worst happens. If you’ve accumulated significant assets, you may consider purchasing a high-net-worth insurance po...
FTX US insurer Relm ‘confident’ it will remain ‘well-capitalized’
FTX US’s insurance company Relm is “well-capitalized to serve the needs of the industry” following the implosion of FTX Trading, CEO Joseph Ziolkowski said. “On the asset...
Is Life Insurance Part of My Estate?
Is Life Insurance Part of an Estate Estate planning is one of the most difficult and important financial planning processes you’ll ever go through. It’s complex, and the bigger your estate, the toughe...
GK8 increases insurance cap on digital assets to $1B
Digital asset custody platform GK8 has partnered with USI Insurance Services to expand its insurance policy for institutional customers — a move the company said would incentivize banks and other fina...
How to Keep Your Retirement on Track in an Unpredictable Market
Retirees and investors on the cusp of retirement are under stress this year. Inflation has spiked to multidecade highs, stocks have tumbled, and bonds—a haven in normal times—have slumped. The traditi...
Binance SAFU Insurance Fund is 44% Backed by its Own Token
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens...
‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible?
I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer car...
InsurAce to pay out on FTX claims, launches crypto deposit insurance to protect CEX users – SlateCast #35
DeFi insurance platform InsurAce is launching a new crypto deposit insurance program titled ‘Crypto Deposit Insurance Scheme’ (CDIS.) The product is hitting the market partly in response to the issues...
Dow ends nearly 400 points higher as investors await Fed minutes
U.S. stocks ended higher Tuesday as traders gauged the impact of fresh COVID-19 restrictions in China and awaited Wednesday’s minutes from the most recent Federal Reserve meeting. How are stocks are t...
Opinion: How a ‘529 solution’ can give gig workers health care and retirement benefits and boost the U.S. economy
U.S. workers are increasingly combining multiple income streams, moving from job to job, starting businesses, and craving more independence and control over their time. Changes to worker benefits must...
Insurer Sees Strong Demand for Preferred Stock With Juicy 9% Yield
Income-oriented investors got a gift when insurer Lincoln Financial Group offered $1 billion of preferred stock this week, including a deal with a 9% annual dividend rate that is accessible to retail ...
How to get a guaranteed retirement spending rate of 4.3%
Stop the presses! The 4% spending rule may be alive after all—at least for now. I’m referring to the famous research from William Bengen in 1994 that focused on how much a retiree could withdraw from ...
Bonds Look Attractive Now. Why Warren Buffett Doesn’t Like Them.
Text size Berkshire Hathaway CEO Warren Buffett. Alex Wong/Getty Images Bonds don’t excite Warren Buffett even after the sharp rise in yields this year. The Berkshire Hathaway (ticker: BRK/A, BRK/B) C...
Where Is The U.S. Insurance Industry On Climate Change?
SARASOTA, FL – SEPTEMBER 28: Wind gusts blow across Sarasota Bay as Hurricane Ian churns to the … [+] south on September 28, 2022 in Sarasota, Florida. The storm made a U.S. landfall at Ca...
Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash
Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose...
Bitrue Confirms It Holds 41M XRP as Insurance Funds
– Advertisement – Bitrue now holds over 41M XRP in addition to 40M Bitrue Coin (BTR) as insurance funds to safeguard users’ assets in the event of a security breach. The cryptocurrency s...
Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon
The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption...
Copper’s cold-storage insurance fund hits $500 million
Copper, an institution-grade crypto infrastructure provider, has $500 million of insurance for digital assets in cold storage. The cover uses a panel of specialty insurer Canopius-led insurers and was...
AARP-Branded Medicare Drug Plan Is Too Costly for Many Retirees, Critics Say
The AARP name has become a marketing juggernaut among baby boomers, with the group’s nearly 38 million members receiving offers for AARP-branded health, life and auto insurance, and discounts on cellp...
Warren Buffett’s Berkshire Takes a Beating on Auto Insurance
(Bloomberg) — Warren Buffett, who has long reiterated his love for insurance companies, took a painful hit on Berkshire Hathaway Inc.’s underwriting businesses as inflation continues to weigh on...
India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline
Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...
20 dividend stocks with high yields that have become more attractive right now
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow i...