Blockchain Hurricane Insurance Policy Launched In Puerto Rico

Announcements, Blockchain | April 25, 2018 By:

Decentralized insurance platform Etherisc has developed a blockchain insurance product that will provide hurricane damage cover for the residents of Puerto Rico.

The need for a decentralized policy to cover natural disasters arose from the many small businesses and low-income households that were hit by Hurricane Maria and experienced delayed claims and refusals to pay out policies from traditional insurance companies.