Did they have insurance in the Old American West? Movies show banks going out of business and horse rustllers

being lynched. Why would that happen if banks and horses were covered by insurance?Did they have insurance in the Old American West? Movies show banks going out of business and horse rustllersThey did not.That wasn't instituted until the Depression of the 30's.The Feds then insured banks so regular investors wouldn't lose their shirts.But not all banks were insured even then. I think they all are now.In the 70s robbers would choose the uninsured because then the FBI wouldn't come after them.That's why bank robbers were so much more hated,they were taking farmers and ranchers hard earned money.