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Are there regulations limiting what they can charge? I think that’s what is happening in CA with fire insurance.

If you can ensure satellites stuck on top of a rocket they can do storm damage too.

They just calculate the premium realise nobody is going to go for it and don’t offer it. Not because they can’t but because there is no point

Same outcome but the reason isn’t “uninsurable”.

If there are state regulations on rates it's possible that they can't set the rate to cover the risk while also being in compliance. If they have annualized profit caps and they need to cover those once every 10 year mega disasters, then they might not be able to comply and charge enough to cover it.

Stopped period because they’re not allowed to charge what it costs to cover that risk.