Fenwick partner and insurtech industry lead Heidi Lawson discussed with Law360 the cautious stance insurers have taken towards cryptocurrency-related activities until regulatory frameworks are more clearly defined.
"At least with regulation, you know what the rules are, and then you can play by the rules," Lawson said. "On the insurance side, I do not see a rush towards embracing these new technologies and emerging risks without more clarification."
Companies seeking to manage risk shouldn’t “rely solely on insurance,” and may want to consider other options like captive insurance and indemnities, she said.
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