Nope, just greedy
That's business, every company is out to make as much profit as it can, that's how the world works and always has been. Any business not only insurance companies will try to charge the highest price for their product, the only thing that keeps prices down is competition and there is plenty of that in the insurance world. Don't worry, some insurance company will find a way round it and all the others will have to follow to keep their business.,