I guess it depends on what dielectric constant they need and the serviceability. Even deionized water can be a dielectric. I think Novec makes multiple non-toxic non-flammable dielectric too.
In a case of interesting timing, I heard a transformer blow just last week. There wasn't any fire and the fire department wasn't called. The linesmen showed up a couple hours later to replace it.
Its also not as dialectic as common oils.