Believe me, I’m with you. But a complication to this is that insurance companies employ millions of people. Nationalizing them needs to take all those livelihoods into account, and would be nearly impossible without going full on socialist (which I am completely for, I don’t think it’s feasible to continue a capitalist system when it is clearly breaking down and killing the planet while doing so.)
Or they just use the gig to grift. Seems like there would be a lot of opportunities to take bribes in a position like that.