I’m not claiming your conclusion is incorrect, but predator-prey systems (https://en.wikipedia.org/wiki/Lotka–Volterra_equations) can have long stretches of population decrease. A measured decrease, even a huge one lasting decades, need not be a a long term decline.
Grew up in Southeast Virginia in the 60's. Fireflies galore. June bugs also. Not anymore - haven't seen them in 40 years. Seems to me it coincided with aerial spraying for mosquitos in the area. There are still plenty of mosquitos however:)
This isn’t a simple two-species system. If insect population collapse were to cause a human population collapse, I think the number of cars (and wind turbines, and insecticides) would follow, possibly early enough to prevent full extinction of insects.
The title of this article may make it seem so, but IMHO, it is incorrect, and the main message of the article is
One in three firefly species in North America may be at risk of extinction, according to a study by the Xerces Society for Invertebrate Conservation.
The title of that paper (https://xerces.org/press/firefly-species-at-risk) is “One in Three North American Firefly Species Assessed May Be at Risk of Extinction”, so I think that’s not a misinterpretation from my side.