"Relm Insurance's new K&R product is tailored for the Web3 and cannabis sectors, addressing a new class of risk that traditional insurers have largely avoided."
"Between 2024 and 2026, crypto-related attacks accounted for more than a third of all violent incidents reported in the sector's history, highlighting the urgent need for specialized insurance."
"The K&R solution includes immediate access to a security response team with over 200 years of combined experience in special forces and law enforcement, ensuring comprehensive support for clients."
"Joseph Ziolkowski, CEO of Relm Insurance, stated, 'We are not just selling insurance; we are enabling operational continuity and personal safety in uncertain times.'"
Relm Insurance has introduced a kidnap and ransom (K&R) insurance product specifically designed for the Web3 and cannabis industries. This initiative responds to a significant rise in violent crime targeting these sectors, with over a third of all violent incidents from 2024 to 2026 being crypto-related. The product offers clients a 10% mitigation allowance for proactive training and 24/7 access to security directors, aiming to enhance operational continuity and personal safety amid increasing threats.
Read at news.bitcoin.com
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