Using arm wrestling to dictate the terms of a business agreement is simultaneously one of the most badass and most poorly conceived legal agreements in history.
The nice thing about natural disasters is that you always know who to blame them on: your god, your god's greatest mortal enemy or a kraken. Unfortunately, we don't have the same luxury when it comes to catastrophes brought on by man -- especially when all of man's bright ideas for fixing them just keep making them worse.