Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer.
Blockchain tech is reported to be speeding insurance claims processing amid the coronavirus outbreak.
The insurance was underwritten by Arch Syndicate 2012, which provides specialized insurance for corporations.
Gemini, led by the Winklevoss twins, has set up its own insurance captive to cover loss of crypto in cold storage – with a possibly record-breaking $200M limit.
In a rare interview, insurance company Arch talks about its $150 million crypto storage policy.
Equilibrium will hold 6.5 million EOS tokens in reserve as an insurance policy for users should its stablecoin lose its peg.
The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.
As President Xi called on China to seize blockchain opportunities, industry heavyweights are already leading hundreds of enterprise projects.
Marsh & McLennan, the world’s largest insurance broker, has arranged unusually generous insurance for new crypto custodian KNØX.
Opolis received a grant from MakerDAO to integrate its Dai cryptocurrency into its decentralized employer ecosystem for payroll and benefits.
B3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3's Corda platform.
Insurance industry blockchain group B3i has appointed John Carolin as chief executive officer.
Coinbase is exploring plans to set up its own regulated insurance company with the help of broker Aon, sources told CoinDesk.
Legal & General has turned to Amazon's services to launch what it claims is the first blockchain system for bulk pension deals.
South African insurance company Old Mutual has refused to insure mining rigs in Africa, making it harder to protect cryptocurrency gear there.