That's the kind of silly talk one would expect on DU. Insurance companies are in business to make a profit, no other reason. (As are almost all other businesses*.) They would be very glad to write policies if they could collect premiums that offset the risks. Most of the worst risk (Katrina or 9/11 like loses) are reinsured through collabratives likes Lloyds.
Clearly, All-but-some-States does not believe that regulators would allow them to charge premiums that would allow them to make a profit.
*There are exceptions, e.g., Air America.
There is nothing wrong with making a profit.
There is also nothing wrong with a state telling an insurance company that if it wants to limit its share of the market, it should take its business elsewhere.
Insurance companies are in a position to really screw the average policy holder at every turn and they take every opportunity to do so.
If they had their way, they would require car owners insurance on every vehicle and have the state mandate that all cars be kept off the roads.