No insurance for several reasons. Insurance is outrageously expensive here. Even if the car is listed at $100k here, its worth a lot more. The insurance for a $100k car would probably be like $12k a year, just guessing here, but I think that´s about right. This is not a car that´s driven daily. I has very few miles on it which means its not used that much. So the odds of something like this happening were slim. Most people who own exotic cars here in CR don´t insure them.
Also, driving a high performance car, 140kph in a Ferrari is nothing. 140kph in a Ferrari is a lot safer than 70kph in your average car. These are high performance machines; braking, handling and suspension are just unreal.
The reason my dad lost control of the car was because of oil in the road. When rainy season starts, all that fuel, oil and junk on the road that accumulates during the dry season, washes off and makes roads incredibly slippery.
And yes, the guy driving the motorcycle stayed. No there will be no legal implications for him.