[911e]

This is quite interesting, I feel like at some point we need to cut those middleman that bail out as soon as paying is involved

[SoftTalker]

They aren't in business to give away money. Insurance is all about paying to mitigate risk. If the risk of loss increases or becomes too hard to predict, insurance will get more expensive or simply not be offered.

[alwaysbeconsing]

There's no inherent reason it must be a profit-making business. Organizeing as a cooperative, mutual insurance is also an option. Granted that any version still must set rates that cover expected payouts.