Insurance with perfect info would be an amazing social good. If they could say "you can build a house there, but it will burn down in a forest fire 15 years from now", we could make an informed decision on if we want to build that house.
Also human nature is to look at the odds and not believe you’re going to be that 1 in 125,000 :)
Tobias: No, it never does. I mean, these people somehow delude themselves into thinking it might, but ... But it might work for us.