Kidnapping Risks Rise in the Crypto Industry, Insurers Accelerate Launch of Customized Kidnap and Ransom Policies
Recent violent kidnapping incidents targeting cryptocurrency holders have prompted insurance companies to expedite the launch of kidnap and ransom (K&R) insurance products specifically designed for digital asset investors. It is reported that companies like AnchorWatch, Relm Insurance, and Hylant Capital are developing customized policies covering kidnapping, extortion, and crisis response. AnchorWatch COO Rebecca Rubenfeld stated that security issues were a focal point for attendees at the Bitcoin conference held in Las Vegas. Relm Insurance CEO Joseph Ziolkowski noted that premium pricing will be assessed based on clients' physical and cybersecurity measures. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: The Market Has Shifted from Peak Excitement to a Range-Bound Trading Phase
Fed Rate Cut Expectations May Cool Due to Jackson Hole Symposium
Odin.fun Co-founder: Cooperating with Authorities to Pursue Individuals and Return Funds
Trending news
MoreCrypto prices
More
