Michigan P&C carrier claims an industry first – accepting crypto currencies as payment
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Michigan P&C carrier claims an industry first – accepting crypto currencies as payment

Luke Harrison
June 24, 2021
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Universal Fire & Casualty Insurance Company (UFCIC) has claimed to become the first US-based insurer to accept various cryptocurrencies as payment for premiums.

While US auto insurer Metromile announced last month that it would soon let customers pay premiums and receive claims payments in Bitcoin, which it also said was an industry first, UFCIC said it will accept various cryptocurrencies, including Bitcoin,...

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