Well it looks like they were trying to outsmart the market, because they did not like what the private companies were charging too much. It still results is an attempt to shift the risk of living in a hurricane zone to those who don't.
The higher risk of living in parts of Florida needs to be born only by those living there or with those living in other hurricane zones. I dont see why housing costs in Florida should not reflect the high risk of being there.
Your posts are off topic.