Well you and I can agree that the current regs are overwrought -- to give an example. I got pinched by a PA park ranger last fall for flying my drone in a State Game Preserve. He was nice enough about it, especially after I pointed to the "rules and regs" sign right behind me that said nothing about drones. He proceeded to tell me it was a new law passed by the state legislature a month ago and they didn't have time yet to update all the signs. He then proceeded to preach to the choir about the difference between "launch and land" and "flying" -- e.g. I can't launch nor land within state parks ... but if I go over "THERE" [he points] outside of park land boundaries I can launch and land from there, and fly anywhere I want, because anything in the air is FAA jurisdiction. Now, this is nice -- but it's also stupid. All this does is encourage people to fly beyond visual line of sight. If I launched where he pointed, and I shot the waterfall that I shot, I would have been completely BVLOS. Perverse incentives yield perverse results.
As for the $10M insurance policy, hell, we put on 5-day 25-band show in Sturgis with helicopters, super technocranes, and 20 camera positions. And we served BEER. To PISSED-OFF BIKERS (Axl Rose was late, my boss got hit in the back of the head with a beer bottle, etc). $5M policy.