I live in California so know what it is like to worry about an earthquake destroying your house. If it wasn't for an insurance pool, we probably wouldn't be able to afford earthquake insurance.
Sometimes I get frustrated at the high cost of insurance and feel like I am insurance poor. Whenever I have to make a claim though, I am thankful I have it.
I would also think that an insurance pool would be beneficial for everyone as it helps keep the cost down for those high risk situations. If it wasn't for the insurance pools, the cost of insurance for everybody would probably be even higher than it already is.