They’re the bag holder here, and this system could be built for a marginal hit to their bottom line in exchange for a huge amount of de-risking across their entire supply chain.
Insurance companies have the right incentive but they don’t need to be the ones building it. Safer cars get cheaper insurance, so there’s clear market pressure there without insurance companies having to build their own cars…
Pollution, kinds that suffer the “tragedy of the common”, are a good example where regulation is necessary to prevent a race to the bottom. But that’s a pretty simple and straightforward thing to democratically vote on without government spending.
I think the solution is fairly simple: private companies build these capabilities and offer them as a service. The idea that there won’t be a marketplace for this service seems misguided too. Adversarial militaries will want their own systems, likely contracted out to private companies, which will likely offer civilian use around the world…
Also, the US government and it's affiliated institutions already has networks of ground stations and the insurance industry doesnt.