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Crypto-heist insurance is the hot new play in bitcoin wild west

The collapse in the price of Bitcoin this year hasn't helped matters either

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Olga Kharif, Brian Louis, Julie Edde & Katherine Chiglinsky | Bloomberg
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it.

But according to industry insiders, there’s a hot new business that more and more firms are looking to get into: crypto insurance.

It’s understandable why big names like AIG, Chubb and XL Group haven’t provided too many specifics. On its face, providing coverage to crypto startups might seem borderline absurd. It’s an industry with a well-deserved reputation for being like the Wild West -- an unregulated digital frontier where frauds and heists are