I want everyone to stop and realize that CPA can stop the next great hack.
Insurance can't stop events. Fire insurance doesn't prevent fires. Auto insurance doesn't prevent accidents.
CPA can't stop the next great hack so not sure what you are trying to say.
Insurance is a great idea though. Still I am not sure what the value in your insurance is. Who insures you? What happens if/when you don't pay out? Generally purchasers of insurance have some protection under the law to compensation. Now I am not calling you a scammer but there is a reason why insurance is regulated. It is the PERFECT scam mechanism. Fake insurance is far better than a fake bank, or fake products, or even fake gold. Even real insurance rarely needs to pay out. Thus a scammer can collect premiums until the event occurs and then simply not pay.
Even if the policies being written are honest, insurance generally requires a large number of unrelated policies to be viable. A half dozen related policies is simply at risk of overwhelming your ability to pay. Say GLBSE has a flaw in their login code which allows a thief to hack not one policy holder but all of them. Can you pay all insured policies simulataneously?
Consumers aren't very good at underwriting risk. Surety bond issuers are. Have you considered purchasing a surety bond? This would permanently bind your assets to the bond. If you don't pay then policy holders could collect from the surety bond issuer. Oh and the surety bond issuer is going to get their money even if it means taking everything you own (stocks, bonds, house, car, garnishment of future wages, leins against company assets, etc). A surety bond provides assurance you will pay because the financial consequences of not paying will be worse.
