Blockchain Technology May Curb Premium Fraud

Cases of workers’ compensation premium fraud, worker misclassification and fake insurance certificates have become so widespread in the construction business that legitimate contractors say they sometimes feel that no one is listening to their complaints. Some states’ regulators won’t pursue the fraud, and insurance companies have been slow to police their own ranks, some in the construction and insurance industries said recently. One partial solution may soon be a click or two away. Blockchain, the cloud-based technology that underlies Bitcoin and other cryptocur...