I’m sure they must exist somewhere…

If not, maybe the future of good “insurance companies” is something like crowdhealth where there’s a social part intertwined with the financial part of the contract.

Anyway, this doesn’t change the fact that all risks have a probability and that getting an insurance fairly priced for such probabilities is something achievable.

Insurance companies fails when human greed/incompetence takes over and risk isn’t hedged properly… but this is exactly what happens to every company in every field.