# kaal:claim:3995709-025

**Claim.** Even if code review and audit firms did engage in thorough insurance underwriting and guarantees for their clients, the remedy would still fail because those firms would remain subject to the flawed and centralized legacy insurance market, which is itself dominated by a cartel of a few core players.

**Type.** failure  **Support.** argued

**Holds when.**

- code review firms relying on legacy insurance markets

**Source quote.**

> Even if code review and audit firms were to engage in a more thorough insurance underwriting and guarantee process for their clients, they would still be subject to the flawed and centralized legacy insurance market.

**From.** Wulf A. Kaal, *How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards* (2021), No Insurance, page 14

**Cite as.** Wulf A. Kaal, How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards (2021). SSRN: https://ssrn.com/abstract=3995709

**Verify.** sha256 of source PDF `6d77dbfb15ee86080bfde0b98089180cabafeb6defdf0f05eaaeb3cb99871e89` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20How%20DAOs%20Optimize%20Open-Source%20Code%20Reviews%20and%20Create%20Open-Source%20Standards.pdf

**Failure mode.** legacy insurance market forecloses the underwriting remedy  (family: legal-personality-and-liability-gap)

**Topics.** defi

**Keywords.** insurance-underwriting, legacy-insurance, cartel, failure-mode

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.