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Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists at the 2018 Professional Liability Underwriting Society (PLUS) Directors & Officers Symposium. “This is sweeping through for the insurance industry,” said Christopher O’Brien, partner […]

The Georgia Department of Insurance has estimated insured property losses from Hurricane Michael will reach $250 million, according to a statement Georgia Insurance Commissioner Ralph Hudgens. In figures released Oct. 18, GADOI said more than 35,000 property-related claims were expected. “Our preliminary estimate today is $250 million in damage across Georgia. That figure may likely […]

Bitcoin price is trading with a positive bias above $6,400 against the US Dollar. BTC/USD must break the $6,650 resistance to gain upside momentum. Bitcoin Price Analysis This past week, bitcoin price found a strong buying interest above the $6,400 level against the US Dollar. The BTC/USD pair started an upside move and traded above […]

The EUR/USD is trading below 1.1500, the lowest levels in six weeks. The pair fell sharply on Wednesday on US Dollar strength stemming from three factors: 1) Excellent data The ADP Non-Farm Payrolls report came out at 230,000 jobs gained in September, far above expectations and an upbeat figure in its own right. The publication […]

The dollar pushed higher against a currency basket on Monday, as a recent solid run of U.S. economic data underpinned expectations for further gradual rate hikes by the Federal Reserve through the end of this year and beyond. Dollar Broadly Higher, Euro Pressured Lower The U.S. dollar index, which measures the greenback’s strength against a […]