Philadelphia Partner Michael Savett Quoted in Business Insurance on Crypto Coverage

June 26, 2025

As cryptocurrency adoption grows and regulatory frameworks evolve, insurers are developing new products to address the unique risks of digital assets. In a recent Business Insurance article, “Crypto coverage rises on regulatory tailwind,” Philadelphia Partner Michael Savett shares insight into the complexity of liability policies for crypto-related lawsuits. With ongoing ambiguity around whether cryptocurrencies are classified as commodities or securities, Savett notes, “There’s no ‘one-size-fits-all’ answer.” His commentary helps clarify how D&O and other insurance lines may respond to this rapidly shifting landscape.

Read the full article at BusinessInsurance.com (subscription may be required).