Crypto insurance focus shifts to layered coverage and first-loss risk

A brief item from Foresight points to a growing question in crypto risk coverage: who should absorb the first loss when large pools of digital assets are exposed. The note says billions of dollars in crypto assets are at risk and frames the discussion as a move away from a single pooled model toward layered underwriting. At the center of that shift is the allocation of first-loss responsibility. While the source provides only a short prompt rather than a full report, it highlights a structural issue for crypto insurance design: how coverage is arranged, and which party stands in front when losses hit first. The item does not name specific firms, products, or loss figures beyond the broad reference to billions of dollars in exposure.