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Topic: [2014-06-03] CD: $5 Billion Insurance Company Offers Bitcoin Coverage to Busines (Read 853 times)

sr. member
Activity: 406
Merit: 250
This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Maybe. As of now, the article states, that this coverage is only offered as an endorsement (rider) to a policy. Not offered as a stand alone policy.

You can cover great distances in big or small steps, the only difference is the amount of time it takes.
hero member
Activity: 882
Merit: 500
This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Maybe. As of now, the article states, that this coverage is only offered as an endorsement (rider) to a policy. Not offered as a stand alone policy.
legendary
Activity: 3808
Merit: 1219
This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 

Offering insurance coverage for Bitcoins and Bitcoin-related business doesn't mean that the insurance giants are viewing it as a long term safe investment. But overall, it is a positive development for Bitcoin.
sr. member
Activity: 406
Merit: 250
This is telling. Insurance companies are some of the best in the world at evaluating risk and future growth. This is a subtle but big bullish sign if these guys see bit coin as a long term safe investment. 
legendary
Activity: 3808
Merit: 1219
Hmm... good news. But I am a bit skeptical as well. Unlike the fiat business, Bitcoin-based business can be a lot more riskier. There is constant risk of wallet robberies and hacks.
sr. member
Activity: 281
Merit: 250
The Insurance Company needs to calculate what the demand/value would be if x% of international/national trade were conducted in BTC. Then we would know where we're at.
legendary
Activity: 2128
Merit: 1031
almost like these bitcoins are real!
hero member
Activity: 644
Merit: 500
It's getting accepted more and more. Best news for right now.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
$5 Billion Insurance Company Offers Bitcoin Coverage to Businesses

http://www.coindesk.com/great-american-insurance-bitcoin-coverage-businesses/


and the next big news Smiley
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