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Stock impact report

INSIGHT-Insurers gingerly test bitcoin business with heist policies [Reuters (UK)]

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: Reuters
Insurers gingerly test bitcoin business with heist policies | Reuters 7 Min Read NEW YORK(Reuters) - Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. So far only a few insurers sell such insurance, including XL Catlin, Chubb, and Mitsui Sumitomo Insurance . Yet several others told Reuters they are looking into theft coverage for companies that handle digital currencies like bitcoin and ether, which trade between anonymous parties. Such efforts so far have garnered little attention, but the emergence of an insurance market marks an important step for the nascent industry’s mainstream recognition. The risks are clear: digital currency investors have already lost billions from dozens of cryptocurrency hacks, technical errors and fraud. Many hacked exchanges later shuttered. On Friday, Tokyo-based exchange Coincheck Show less Read more
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