Well, there's always the strategy of 'take the payouts, go insolvent in case the event really happens'. But, on the other hand, such a high possible payout woul

Well, there's always the strategy of 'take the payouts, go insolvent in case the event really happens'. But, on the other hand, such a high possible payout would probably come with insane premiums that might make it viable (for the insurance, not the country).