No, as far as I understand the situation, the password that got leaked was for the whole cables archive and not for the insurance file.
The insurance file was not released because Wikileaks is saying they are being blackmailed by a big bank (don't remember which one, BoA?).
Edit: I think I confused this stuff. It's not about releasing the insurance file, it's about releasing information on the banks that they can't do because of the claimed blackmailing.
The insurance file will only be released as a last resort.
Aside from what they've done in getting every payment processor to blacklist them?
I think the question is: what more could BoFA do?
One possibility, is getting all the individuals associated with Wikileaks --possibly including family members and friends-- added to the blacklist.
That said, if I were Wikileaks, this would be the point I release my Insurance File. Along with whatever communications they've had from BofA, which doubtlessly outline what they want and what they'll do if they don't get it. (You can't be blackmailed without accusations and threats)
I kind of feel like they should have released the insurance file long ago. In fact, it never should have been an insurance file in the first place. Keeping dirty secrets under wraps for the sake of waging power struggles doesn't exactly strike me as the kind of thing that WikiLeaks is supposed to be about.