Could some kind of distributed option-contracts (like insurance) be developed using Ethereum or other smart-contract blockchain. Imagine if people with Ether (

Could some kind of distributed option-contracts (like insurance) be developed using Ethereum or other smart-contract blockchain. Imagine if people with Ether (or other blockchain currency) could "reserve" ethers to serve as insurance spending for other people that buys the insurance contracts... something like crowdsourcing of insurance. That would be really cool.