That's not really how insurance works. Everything gets paid for by someone, it's not magic money. A systemic increase in insurance payouts causes a proportional systemic increase in insurance premiums which are ultimately passed onto the customer.
One person is more culpable in the life ruining than the person who contacts the police.
You're conflating 1A with free speech. Free speech is the principle that inspires 1A but it's a larger concept and the same reasoning applies to things like reddit. This whole "don't let you political opponents speak or coordinate because you happen to have the power to stop them" is the weapon of a tyrant, one of these days a real tyrant will seize the reins of these platforms and show us all how they're really used.
One person is more culpable in the life ruining than the person who contacts the police.