Insurance Firms Launch Kidnapping Policies for Crypto Investors
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Insurance companies are rolling out specialized kidnapping and ransom (KR) insurance products for cryptocurrency investors amid rising security threats. Firms like AnchorWatch, Relm Insurance, and Hylant Capital are developing policies that cover kidnapping, extortion, and crisis response tailored to digital asset holders. The move follows recent violent incidents targeting crypto holders, highlighting the need for enhanced security measures. Premiums for these policies will be determined based on the physical and network security measures of the clients, according to Joseph Ziolkowski, CEO of Relm Insurance.Source:Show Original
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