"Insurance companies lose money all the time. "
Creative accounting
"Obviously, you have a low opinion of insurors, despite knowing nothing about how they work, or what they sell"
Yes I do have a low opinion of them. Mostly because I am aware of how they work and how they sell people a policy and then make it difficult or impossible to get a claim paid.
If insurors are the scum you describe, why do you give them your business?