I am not sure why you want a 10x refund, but it seems like your request is easily met by current warrantees. A 1TB WD SN850X advertises 1200TBW endurance, rather more than you require.
Seems clear the idea is to make sure that companies err well on the side of lifespan rather than designing something that fails a month after the warranty expires. Because if they're cutting it close, a decent number of units are going to fall under the warranty line and they'll be liable.
Even if a company is required to stand behind the product, a lot of consumers won't pursue it if it's not perceived to be worth the trouble. Do you care about the 120GB drive you bought in 2012? Not really. Do you care if you can get 10x the original ($1/gb) purchase price for it? Sure, $1200 is worth my trouble.
As they say - "A times B times C, if that's less than X, the cost of a recall, we don't do one".
I'm not OP and am not gonna die on this hill as a point of policy, but if 9/10 consumers just shrug their shoulders and accept that their 8yr old drive has failed and throw it in the garbage, that's still a bad thing at a society-wide level where you want people to be using hardware for longer and longer periods of time. Especially as moore's law tapers down even further and hardware becomes relevant for longer and longer periods of time - a R9 290X is still a pretty nice piece of hardware!
Michigan used to do something very similar with checkout price scanners - if the price coded in the system was more than advertised, you got 10 times the difference up to a limit. And the point was to get retailers to pay fucking attention because a 50 cent pricing error on a can of chili could cost them 5 bucks. Punitive damages, with citizens who spot the violations receiving the bounty.
