Insurance sector could fork out up to $3bn for Tokyo Olympics cancellation | Latest News

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The insurance sector could pay out between $2bn and $3bn for the cancellation of the impending Tokyo Olympic Games, due to begin on 23 July, according to analysis from Bloomberg Intelligence, the research division of software and media company Bloomberg.

Despite the International Olympic Committee (IOC) striving to push ahead with the postponed 2020 Olympics, it has also taken out around $800m in event cancellation insurance, with additional cover purchased by the local organising committee.

Bloomberg Intelligence believes the insured cost of cancelling the event could be in the $2bn to $3bn range, including broadcasters, sponsors, professional sports teams and

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10 of the Most Private Cryptocurrencies To Invest In

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Cryptocurrency has been all the rage in 2021, no doubt in part to the incredible gains that some coins have posted over the past few years. Many investors that had never thought of buying cryptocurrency are now taking a closer look at the asset class. But whereas the financial press mainly focuses on the most popular coins, there are literally hundreds of alternative options in the cryptocurrency space.

Learn: Bitcoin Cash (BCH): How’s It Differ From Bitcoin and What’s It Worth?
Options: Dogecoin (DOGE): What It Is, What It’s Worth and Should You Be Investing?

Many

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Gov. DeSantis signs Florida property insurance bill

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TALLAHASSEE, Fla. – Florida Gov. Ron DeSantis signed a bill into law Friday that is meant to give relief to a large sector of the state’s insurance industry.

Faced with losses from rising claims, the industry welcomed changes that would restrict some practices by contractors. The law would forbid contractors from soliciting homeowners to file roofing claims. The law also would narrow the time frame in which homeowners can file claims, from three years to two years, and enacts new rules on litigation.

While some insurers say the new measures will help keep costs down, critics say it could raise

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Yiren Digital Reports First Quarter 2021 Financial Results

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BEIJING, June 9, 2021 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading digital personal financial management platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Operational Highlights

Wealth Management

  • Cumulative number of investors served reached 2,462,195 as of March 31, 2021, representing an increase of 2.8{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} from 2,395,034 as of December 31, 2020 and compared to 2,218,181 as of March 31, 2020.

  • Number of active investors[1] was 307,107 as of March 31, 2021, representing an increase

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Walmart offers free community training in personal finance, career development and more business news

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Walmart to offer community training

America’s biggest retailer is using its employee training programs to also help provide personal financial help and career planning for local communities, including Chattanooga.

Walmart’s training academy at its superstore on Little Debbie Parkway in Collegedale is one of more than 200 such Walmart training facilities that are also beginning to provide free community classes.

“Community Academy began with a question: How can we help?” said Andy Trainor, vice president of learning at Walmart. “With so many communities struggling economically and education sometimes out of reach, we recognized a need that we’re uniquely suited to

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Great business ideas to cast away corona blues

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Every great business starts with an idea. However, the business landscape is dynamic and what could have worked two years ago may not work today.

The Covid-19 pandemic best demonstrates this, with many businesses going online; traditional brick and mortar models such as restaurants and retail are slowly being edged out by online operators, where one can now have their shopping or favourite meal delivered to them at the click of a button. Here are six viable business ideas in the changing landscape. 

Cleaning services

With a majority of people spending more time at home than before,

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