Your take is non-sensical and obtuse, and the attitude is not much better so I’d hold off on the celebratory self-pat on the back.

The people who do the job should get a lot of the credit. But none of them do it for free. Insurance is there to make sure you can pay those people for what needs to be done in the aftermath of very unlikely but very high impact events. A lot of people pay very little so a few people don’t have to pay a lot.

The industry has a lot of failings but this doesn’t wipe out the utility of the service.