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News from Next Insurance, BitGo, Chubb and more. (Photo: Shutterstock)

Next Insurance is now offering commercial property insurance, which the company notes was the final step necessary to provide full comprehensive coverage via the Next Insurance platform. Bolstering its already existing tools and equipment offering, Next Insurance’s full suite of property coverage now includes business personal property, business income insurance, building insurance and equipment breakdown coverage.

BitGo announced it has surpassed $700 million of total crime/excess specie insurance capacity. In 2020, the company became the first digital asset custodian to offer clients the ability to purchase their own dedicated excess limits above BitGo’s $100 million “all customer” crime/specie policy at pre-agreed rates. Due to strong demand from institutional custody customers, BitGo’s dedicated customer excess specie insurance offering has expanded by over $600 million to emerge as the largest in-force cold storage specie program placed to date, the company claims.

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