Insurance

Lemonade Is Working With Avalanche, Chainlink on Weather Insurance for Farmers
A newly formed DAO backed by the Lemonade Foundation will roll out permissionless weather insurance to African farmers later this year.

IMA Financial Plans to Start Selling NFT Insurance in Decentraland
The top-10 U.S. insurance broker is opening its “Web3Labs” research and development facility in the metaverse.

Crypto Firm Knox Joins Forces With Canadian Qualified Custodian Tetra Trust
Tetra will acquire some elements of Knox’s business, but Knox will remain independent and focused on crypto custodial technology and insurance coverage.

Could Chainlink Be the Driver for DeFi’s Growth? Bank of America Thinks So
Chainlink (LINK) could accelerate the adoption of next-generation blockchain use across finance, insurance, supply chain, gaming and gambling, Bank of America said in a research report following an investor call with Chainlink co-founder Sergey Nazarov.

Should Government Be in the Business of Issuing Stablecoin Insurance?
U.S. Representative Josh Gottheimer (D-N.J.) has introduced a bill that would establish government-backed insurance for stablecoins. “The Hash” crew discusses the potential consequences of the bill and how it could eliminate competitors in the industry.

Crypto Insurance Firm Evertas Wins Lloyd’s of London Approval
Evertas, the first such “coverholder” to specialize in crypto wallets, was sponsored by Lloyd’s syndicate member Arch Insurance.

Anchorage Closes In on FDIC Crypto Custodian Deal, Documents Show
The three-year deal would have Anchorage act as a crypto asset manager and liquidator for the U.S. bank regulator.

DeFi Insurance Protocol Solace Goes Live
Insurance claims will be automatically validated, and payouts will be made in a single transaction.

DeFi Insurance Platform Tidal Finance Goes Live on Polygon
Launch partners include StaFi, Xend Finance, Marlin, EasyFi and bZx.

Insurer Pingan Issues Digital Yuan COVID-19 Policies for Medical Staff: Report
Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.

