Insurance Broker Marsh Introduces $825M Crypto Custody Coverage

Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday.

Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation , where cryptographic keys are split into shards, Marsh said.Crypto insurance has traditionally been thin on the ground, with many exchanges and large trading firms simply holding enough crypto to cover their own losses if necessary.

İnsurance İnsurance Latest News, İnsurance İnsurance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California insurance market ‘in chaos,’ says former insurance chief. Can this chief fix it?Insurance non-renewals continue even as Commissioner Ricardo Lara introduces regulations favored by the industry.
Source: mercnews - 🏆 88. / 68 Read more »

New Illinois health insurance proposal would ban 'junk insurance' and 'step therapy'The Healthcare Protection Act (HPA) seeks to prohibit step therapy, eliminate prior authorization for crisis mental health care, enhance network adequacy and curb unchecked rate hikes for large group insurance companies.
Source: fox32news - 🏆 547. / 51 Read more »

State Farm won’t renew 72,000 insurance policies in California, worsening the state's insurance crisisState Farm announced this week it will not renew 72,000 policies in California amid a tight insurance market.
Source: latimes - 🏆 11. / 82 Read more »