A great little example of the risks around using paper for insurance. Clearly not an issue if insuring a ship or a factory, but as noted here, so many opportunities from being more digital.
Did he have insurance? He certainly can afford it. He earns more than $23 million a year and has been making that kind of money for a long time now. But we don't know for sure, because of the archaic systems we use that mean most of us carry proof of insurance as little pieces of paper in our cars. At its core, insurance is as digital as any industry there is—we basically track a whole lot of data on people, curate a mass of very precise promises and wire money—so it strikes me as odd that we turn the data into paper and PDFs and handle them manually. Why can't we leave the data in its native state and just make it available whenever and wherever the bits and bytes are needed?