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Blockchain Tackling Insurance Woes
Blockchain technology can be applied to a range of industries, from time stamping to registering land ownership. The insurance industry has been taking note of the technology, with the insurance giant Lloyds recently providing a risk report on the currency behind the technology, bitcoin. Now bleeding edge technology companies are applying the immutable ledger to insuring physical assets.
(Image: Pictures of Money)
You can’t just walk in off the street and buy a cyber insurance policy; wisely, the insurers want to review your security practices first, to see if your defensive strategy amounts to anything more than hope or a tin foil hat.
Insurance Companies Will Receive $5.5 Billion in Bailouts in 2015
Insurance companies such as WellPoint and Humana will receive $5.5 billion in bailouts in 2015 to help cover the losses they claim they will face because of Obamacare.
Daniel Larimer of Invictus Innovations describes how a decentralized autonomous company (DAC) can offer insurance, or what he's coined as a Mutual Aid Society (MAS)
BitShares Insurance - Insure Anything (almost) - Alternative DACs - BitShares Forum
I mean, that's what you do when you have a shooting at your building these days, right?
Firefighters dug a trench under a Jersey Shore boardwalk in an effort to prevent a furious, wind-whipped blaze from spreading to a section just rebuilt after being destroyed by Superstorm Sandy.
"what's going on behind all of you, it's just unthinkable" - Gov. Chris Christie
"this is obviously, just an unthinkable situation" - Gov. Chris Christie
"... leave no doubt, the destruction south of Lincoln Ave. is complete, it's complete." - Gov. Chris Christie
BTW, I'm pretty sure this was just rebuilt ... with flammable roofs included ftw!
Update : And does that war have to be declared by Congress or can it just be one of those things were the guy who sits in the round room gets to say it's a war and everyone just goes along with it?
In what appears to be a first-of-its-kind event nationwide, a Denver lawyer has lost her liability insurance because part of her practice involves representing medical-marijuana businesses
