if you wire up all diesel to turn off when a solenoid or circuit fails then you will be having many more accidents and dangerous situations.
Big ditto on that, I'd say the way it works is fail safe. The only danger from an engine running away is that the engine consumes itself. So walk down to the local bar and wait for it to sieze or run out of fuel. When I'm pulling a hay wagon down the street around here, if that engine stops I can almost guarantee some yahoo is going to rear end me.