What you are saying makes sense for conventional harms like non consensual deepfakes, hallucinations, Waymo running pedestrians over, etc.

However, those are a far cry from the much more severe damages that superintelligence could enable. All of the above are damages which already could exist with current technology. Are you saying we have superintelligence now?

If not, your idea of selling superintelligence insurance hinges on the ability of anyone to price this kind of risk: an infinitely large number multiplied by another infinitely small number.

(I realize my explanation was wrong above, and should be the product of two numbers.)

I think many readers will also take issue with your contention that the private market is able to price these kinds of existential risks. Theoretically, accurate pricing would enable bioweapons research. However, the potential fallout from a disaster is so catastrophic that the government simply bans the activity outright.