Coffeezilla is being sued by Logan Paul, which accidentally revealed a side issue which is sort of unrelated.
Coffeezilla, like most creators in his position, has an insurance that specifically covers his a*s in case something like what happened with Logan Paul happens.
Except, it didn’t, because the fine print says Coffeezilla is covered for everything except, surprise surprise, that very thing he’s being sued for.
The thing is, this is not at all uncommon. Insurance companies love it when you give them money, but always figure out a way to scr*w you with the fine print when you actually need them.
In theory, that’s what Re, a new crypto project, is trying to fix.
Re is a DeFi insurance platform for RWA (real-world asset) insurance products.
Re uses blockchain technology to make sure the insurance pays if it has to. For example, in the event of a hurricane, Re records the event and smart contracts trigger the release of funds to the affected insurers.
In theory, it’s a great idea.
In practice, it’s very difficult to make it work.
But I commend the effort.
bitcoinea 
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