Re: The Reg is writing fiction these days
No, I'm saying that the insurance companies have a strong motivation (financial profit) not to a) insure risky clients and b) pay out claims. Without getting into the weeds regarding insurance, insurers obviously also have an incentive to insure people and pay claims, but I believe the theory promulgated by El Reg is that the insurers did a piss-poor job of evaluating the risk behind ransomware and now find themselves potentially on the hook for rather more claim money than they anticipated so are balking at paying it. No conspiracy is required: given the incentives involved, it's perfectly possible for multiple insurance companies to come to the same conclusion independently.
Which insurer do you work for, btw?