I'm not in an IT dept (developer instead), but I'd bet money that would get you a thorough dressing down by an executive involved with the insurance. That sort of blaming goes over well with those at the bottom of the hierarchy, and poorly with those at the top.
This seems like a pretty awful place to work if my bosses have such fragile egos they can't handle me saying "our insurance requires us to do X". I'm not even really passing judgement on whether X is good or bad.
I'm not saying you're wrong, I've never worked in a company this large (except for a brief internship), or in IT specifically. But also, like, come on people, grow up.