What a very very good question for your first post! I've never heard of insuring ff miles against financial catastrophe. I'm sure Lloyd's of London would do it but for how much?

The only thing close to insurance I can think of is to transfer your miles into HHonors -- you pay a penalty but the financial picture isn't so bleak!

Be interesting to see what others have to say on this one...

Again -- great question and welcome aboard!