Half (more probably 99% actually) of our critical infrastructure software use that wording (or an equivalent one), regardless of it is free software or proprietary software.
Yet most are maintained responsibly, if they are used for serious stuff and/or advertise in a way that suggest that kind of usage can be considered.
No, you don't. The author doesn't owe you a single thing unless you have a warranty saying otherwise. Most licenses explicitly say something like:
If you don't like the terms, don't accept the code. I don't see how that could be more clear.