Shifting Risks
Insurance companies are reducing or removing coverage in areas prone to disasters. That throws more weight onto the state insurance programs.
What they really need to do is declare that some places -- like shorelines and fire chimneys -- are no longer suitable for building in. That will happen sooner or later, because you can't rebuild indefinitely in a worsening threat zone. Sooner would mean a more controlled retreat with less money wasted and lives lost. It would be better to close out the obvious threat zones, but at bare minimum, if a building has been totaled twice, don't rebuild it again in the same place.
What they really need to do is declare that some places -- like shorelines and fire chimneys -- are no longer suitable for building in. That will happen sooner or later, because you can't rebuild indefinitely in a worsening threat zone. Sooner would mean a more controlled retreat with less money wasted and lives lost. It would be better to close out the obvious threat zones, but at bare minimum, if a building has been totaled twice, don't rebuild it again in the same place.