Author: zxdev

Blockchain Insurance Platform InChain Partners with LiveCoin Exchange

by zxdev|posted on | in Insurance

The blockchain insurance platform InChain has officially partnered with the LiveCoin cryptocurrency exchange. The partnership makes LiveCoin the exclusive trading platform for InChain tokens after the project’s official launch. This strategic move is a significant development for both companies and the broader cryptocurrency market.

InChain is a company that develops blockchain-based solutions for insurance and risk management. This partnership is expected to provide greater access and liquidity for InChain’s tokens by leveraging LiveCoin’s established user base and trading infrastructure. A representative from InChain expressed optimism about the collaboration, viewing it as a mutually beneficial arrangement for both companies and the everyday users of the cryptoeconomy.

The partnership also highlights the growing trend of specialized blockchain platforms collaborating with major cryptocurrency exchanges to increase their market presence and reach. By securing an exclusive trading platform, InChain aims to streamline the process for investors and users to acquire and trade its tokens, thereby supporting the overall growth and adoption of its insurance solutions.

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Tariffs may drive Washington car insurance rates higher

by zxdev|posted on | in Insurance
Car insurance rates in Washington state could rise more by the end of the year with tariffs than without them, a new projection finds.
Why it matters: The analysis shows one more way that Americans pay for higher tariffs.
Driving the news: The average annual cost of full-coverage car insurance in Washington could rise by about 7% between June and December if tariffs stay in effect, compared to roughly 4% otherwise, per a new report from insurance-comparison platform Insurify.
  • In raw terms, the average cost statewide could hit $2,155 with tariffs, compared to $2,094 without them.
  • That’s based on the tariff picture as of Aug. 1, reflecting the Trump administration’s recently lowered rates on cars and auto parts from Japan, South Korea and Europe.
Between the lines: Tariffs affect insurance rates by increasing the costs of imported parts needed for repairs.
Inflation, accident frequency, and claims due to extreme weather also impact rates, among other factors.
What they’re saying: “Initially, car insurance companies looked at 2025 as a year to keep insurance rates stable, or even cut them,” per Insurify’s report.
  • “Tariffs and inflation could derail that trend.”
How it works: Insurify’s projections are based on over 97 million rates from the insurance companies it works with, and reflect median costs for drivers aged 20-70 with clean records and at least average credit.
Caveat: Premiums may fluctuate as the fast-changing tariff landscape continues shifting, or if tariffs prove “less burdensome than expected,” Insurify notes.
  • Claims volume could also fall, and insurance regulators could fight price hikes.
The bottom line: It’s shaping up to be a good year to shop around for the best car insurance rates you can find.

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College Students Driving for Uber & Lyft Face Insurance Coverage Gap

by zxdev|posted on | in Insurance
A new analysis reveals that as 40% of college students turn to Uber, Lyft and delivery services, they unknowingly face insurance coverage gaps, potentially bankrupting families.
LOS ANGELES, Aug. 12, 2025 /PRNewswire/ — As college students nationwide head back to campus this month, a hidden financial crisis is brewing that could devastate families: millions of students driving for Uber, Lyft, and delivery services are unknowingly operating in dangerous “coverage gaps” where neither their parents’ auto insurance nor company-provided policies apply, leaving them exposed to potentially catastrophic financial liability.
New analysis by CheapInsurance.com reveals that the intersection of college financial pressures and the gig economy has created a perfect storm of insurance vulnerabilities that threatens the financial security of students and their families at the worst possible time.
The Hidden Crisis Behind Campus Financial Struggles
College students are increasingly turning to rideshare and delivery driving as a financial lifeline. Recent data shows that 40% of full-time college students now work while attending school, with many gravitating toward gig work’s promise of flexible hours that can accommodate class schedules. Meanwhile, 30% of adults under age 30 participate in some form of gig economy work, making college-age students the largest demographic in this rapidly expanding sector.
“Students think they’re solving their financial problems by driving for these apps, but they’re actually creating potentially devastating insurance exposures that could bankrupt entire families,” said Fausto Bucheli, Jr, President of CheapInsurance.com.

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