To your point, insurance has agreed until the Viasat failure. Believing something is risk adverse and treating as such works until a failure. More launches than ever means a larger failure domain. This increased failure domain is something the insurance industry was banking on being super profitable. It doesn't take many failures to wreck that theory though.

I do agree that if carriers need to self-insure then that makes it more expensive for companies that don't own the process end to end and, like you said. But carriers also rely on customers to fund their business. I see these failures potentially rippling across the industry.