[Sgt_Schultze]

What makes hurricanes ever more damaging is inflation and population mobility. If we didn’t build in coastal areas susceptible to hurricanes, there wouldn’t be such property damage. But we have. And more people move into those areas every year. And more businesses. And more homes. And more schools. And more autos. More breakable things, bid up in value by more people, put into the way of likely hurricanes is a recipe for increasing damage due to those same hurricanes.

[Tax-chick]

The Wall Street Journal recently reported that the value of coastal development in Virginia, North Carolina, and South Carolina has increased $250 billion over the last five years, while the value of flood-insured property has decreased. Of course every storm is going to be a financial disaster!