Warren -
Per the hillbilly's video from a few weeks ago, he was insured by ION, which is owned by HUB International. Per a quick google search, as of late 2023 HUB International had a valuation of $23 billion with annual revenues of $3.7 billion, so I don't think cash was an issue. In my opinion I would bet the reason the insurance company walked away was because of the social media post displaying the recklessness that caused the loss.