Actually No.... the insurance is NOT an adequate justification. Insurance covers his dumb a%% for mistakes and accidents. Willful disregard for the col regs gets the police involved.

As for the sport...
The damage this attitude does to the sport and all of the other competitors on the course is NOT covered by HIS insurance premium or his registration fee. I don't care whether he covers his financial butt with insurance. This is just a cop out... (you take insurance to cover YOUR butt... not the guy you foul)

The prescriptions that we all agree to when we register demand that you are RESPONSIBLE... The game is self policed.
There is no mention of insurance or liability.. JUST responsibility ...

If his actions on the water come close to matching his words.... he should be disciplined by the sport (US Sailing)

His insurance company would have reason to deny coverage and make him take them to court to get his liability and property covered.

The victim's insurance company has no reason to cut a deal... and he has given all personal injury lawyers a free shot at his assets and probably drag the host YC into the fiasco as well.

Not having a clue who this guy is... I hope that he was trying to make a point and his attempt at "sarcasm" as orphan notes just failed.