kaal:claim:3396542-002

In the traditional insurance structure, financial distress or bankruptcy of an individual underwriter harms consumers, who lose the protection of their insurance contract and must seek new coverage.

Source quote, verbatim

Financial distress or bankruptcy of an individual underwriter affects consumers who may no longer be protected by the insurance contract and have to look for new coverage.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), I. Introduction, p. 3
https://ssrn.com/abstract=3396542 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542

Holds when

traditional centralized insurance structure

Classification

failuresupport: assertedfailure: Underwriter insolvency passes through to consumersfamily: systemic-risk-transmissiondefirisk-and-incentives

Verify

The quote above is an exact substring of the source PDF, whose sha256 is ce2bda03a0b788ea3e7747f02c3c351ef7c808a41150d5cda34767bbe98800c0. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/3df9d4694062938f...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3396542-002.md | sha256sum