It's still a risk. If everyone's houses burn down at once the insurance company will be SOL unless they insured themselves against catastrophes (which they prob

It's still a risk. If everyone's houses burn down at once the insurance company will be SOL unless they insured themselves against catastrophes (which they probably do). Also, arguing by definition is pointless, put since we're already debating pointless semantics, google 'risk transfer' and see what comes up.