That's a mostly DC-apposite description of the Crisis pattern, although it does apply to the Hickman Omni-apocalypse. Marvel's specific compulsive apocalypse is the Age of Apocalypse retelling, although both companies fall back equally often to the Cosmic War. And similar things could be said about more character-specific but still repetitive arcs, like Batman Gets Broken Down.
I understand the Doylean reasons, and Huge Events, like fossil fuels, are a non-renewable and toxic but short-term fantastic resource that you have to have a certain level of maturity not to rely on, but at this point it's less an annoying quirk than an unheimlich compulsion we're all (as comic book readers, while and if we read those specific comics) locked inside of.
BTW, I've written this before, and I'm likely to do it again. We're all vulnerable to our own patterns.