If a poker site were to offer insurance on hands backed by the house

[Rzitup]

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Don't get me wrong I don't want the sites taking more money from the fish, but why would the time delay be so bad? Give them like 5 seconds or however long they give people to show a winning hand.

"Take insurance for $xxx?"

Yes - No

What's tough about that?

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I'm not going to try to explain it in detail here, but let me just say that your mind would be boggled by what 1 second can generate.
In addition to the time delay, there were several other things talked about that stopped it. Like the fact that a site would all of the sudden have an interest in the outcome of the hand.