As I wrote in a comment on From Oversight To Overkill:
There is no problem you can’t solve with another level of indirection. So the obvious solution: Regulate the regulators. Make the regulators prove that a regulation they make or enforce is not killing more people than it saves.
Though, alas, I don’t think we will see that or that it would be feasible.
I like the idea of using insurance, but note that the way insurance usually works is that now the insurer is forcing you to manage risks and establish “reasonable” procedures. The up-side is that the insurer hopefully has a better understanding of what things need to be improved (what is actually reasonable) and which do not and that there is competition between insurers. But it can take some time.
As I wrote in a comment on From Oversight To Overkill:
Though, alas, I don’t think we will see that or that it would be feasible.
I like the idea of using insurance, but note that the way insurance usually works is that now the insurer is forcing you to manage risks and establish “reasonable” procedures. The up-side is that the insurer hopefully has a better understanding of what things need to be improved (what is actually reasonable) and which do not and that there is competition between insurers. But it can take some time.