The New York Supreme Court has ruled that restaurants’ business losses from the coronavirus are not covered Consolidated Restaurant Operations, a company that owns and operates dozens of restaurants, has acquired a commercial property policy from Westport Insurance Company. Subject to certain exclusions, the policy covers “all risks of direct physical loss or damage to … Read more
Finally, someone is hiring the insurance companies. Illinois Secretary of State Alexi Gianolias has drafted a bill that would base car insurance rates on driving records and not socioeconomic factors that could discriminate against consumers. Under current state law, insurance companies can use data from sources like social media to charge higher insurance premiums based … Read more
Top Two Cryptocurrencies by Market Cap – Bitcoin (BTC 2.78%) and Ethereum (ETH 3.22%) — continue to set the pace for the overall crypto market. Right now, both are up about 45% so far this year. But there is one cryptocurrency that has been largely overlooked by investors, and that is Solana (SOL 13.70%). For … Read more
NEW YORK — Sam Bankman-Fried’s attorney said Tuesday that the court’s one-handed sentence of 100 years in prison for the FTX founder is “ironic” and “barbaric” and that a sentence of a few years at most is appropriate. For cryptocurrency crimes that California individuals are still in dispute with. In arguments presented minutes before Tuesday’s … Read more
Underwriters often have hundreds of pages of documents to sort through but probably not for long. Insurance carriers are using generative AI as copilots in back-office operations. Copilots can act as chatbots, virtual assistants, search engines and productivity tools. Deloitte principal Sandi Suhrada said the technology can be used across the value chain in insurance, … Read more
Almost every lawmaker remembers their first “bad” score from the Congressional Budget Office, the nonpartisan organization that estimates the budget and economic effects of legislation. Rep. Diana Daggett, D-Colo. For, when she tried to pass a bill mandating Medicare and Medicaid coverage of tobacco cessation services, including counseling and drugs. At the time, the CBO … Read more
A BlackRock exchange-traded fund (ETF) that invests in Bitcoin (BTC) saw record inflows of $520 million on Wednesday, the largest daily inflow for any US ETF across the asset classes so far this year. All this comes as BTC’s price tests $64,000 and is just one step away from the 2021 all-time high. The market … Read more
Over the past few years, Robert Kiyosaki, author of the best-selling personal finance book Rich dad poor dadhas become a strong advocate of Bitcoin (BTC -0.51%) As a possible path to “rich dad” status. Although some of his calls on Bitcoin have been controversial in the past, he is now fully convinced that Bitcoin is … Read more
In 2023, the so-called The “Magnificent Seven” stocks produced an outstanding average return of 111%. The Nasdaq Composite indexIn comparison, increased only 43%. The artificial intelligence boom, along with investors’ general appreciation for major tech companies, has sent shares soaring. But we have to evaluate the current situation with fresh eyes. If you want the … Read more
The Shiba Inu (SHIB 9.84%) The cryptocurrency is no longer writing the headlines, but many investors still pin their hopes on this meme coin for the next sector-wide bull run. It is still one of the 20 largest crypto names measured by market cap, with strong daily trading volume. Unfortunately, I don’t see much real-world … Read more
