Legislating for individuals to be held more accountable for large-scale catastrophic errors that they may make (including by requiring insurance premiums for any risky activities)
If I blow up the planet, neither my insurance nor your lawsuit is going to help anything. Which is to say, this proposal is just a wealth transfer to insurance companies, since they never have to pay out.
If you’re running a synthetic biology company, and have to be insured against major pandemics, you may need more risk reduction measures to stay profitable, reducing existential risk, precisely because many pandemics can bring on costs without causing extinction.
If I blow up the planet, neither my insurance nor your lawsuit is going to help anything. Which is to say, this proposal is just a wealth transfer to insurance companies, since they never have to pay out.
If you’re running a synthetic biology company, and have to be insured against major pandemics, you may need more risk reduction measures to stay profitable, reducing existential risk, precisely because many pandemics can bring on costs without causing extinction.