Binance reported last Tuesday, May 7, that hackers were able to withdraw a total of 7,000 bitcoins which values $40 million.
In a massive security breach, these hackers pulled out thousands of bitcoins in a single transaction. According to the...
Data from the US Department of Health and Human Services shows that approximately 70 percent of American ages 65 today require long-term health insurance.
For most Americans, care insurance is a necessity to pay for in-home services and adult pay....
Selective Insurance Company of America, a subsidiary of Selective Insurance Group, announced Monday, Feb. 3, the beginning of a month-long collegiate competition that aims to “encourage risk management and insurance students to build industry knowledge and experience.”
In a press...
California-based digital insurance provider Next Insurance announced Monday, Oct 7, it has secured a $250 million funding round from one of the world’s largest reinsurers, Munich Re.
In a report from PRNewswire, the newly collected funds will be used to...
Ping An Insurance Group raised its stake on British lender HSBC Holdings, acquiring additional shares of 10.8 million.
China’s insurer filed the investment to the Hong Kong stock exchange last Friday, Sept. 25, citing HSBC’s average price per stock of...
The Trump administration proposes a new plan that will change how risk will be computed under the National Flood Insurance Program (NFIP).
According to analysts, this program could increase the country's flood insurance premiums while property values drop in the...
The Commonwealth Bank of Australia (CBA) announced that it will plead guilty to selling junk consumer credit insurance to customers from 2011 to 2015. The announcement comes after the largest lender in Australia has been hit with more than...
U.S. Bankruptcy Court Judge Robert Drain is giving Sears Holdings’ 29,000 retired employees a chance to claim their life insurance benefits after the company filed bankruptcy in 2018.
Sears officially ended its life insurance benefits last March 2019, breaking its...
Liberty Mutual Insurance recently announced of its signing of an agreement to acquire AmTrust Financial Services' global surety and credit reinsurance units.
As one of the U.S. leading insurers, Liberty Mutual offers a wide range of primary, speciality, excess, and reinsurance...
After bouts of wildfires across the region, Australia’s Canberra is now hit with a hailstorm that led to numerous damages to property. Following this, insurers in the area declared a “catastrophe,” with insurance claims and policies being planned on...
