By the same logic, all the houses built in the earthquake zones of San Francisco and LA should also be raised.
I've noticed that there has been mass hysteria in some California-centric websites that flood insurance must be provided by the Federal government in Florida, but not that earthquake insurance must be provided by the Federal government in California.
Botton line, the private sector doesn't handle this type of correlated risk well, and somehow picking on Florida when California does the same thing is pretty weird. We know there will be a big earthquake that will level a lot of property in California just we know there will be a big flood in Florida. Yet "entitled fucks" keep choosing to live in these states. Life goes on.
I've noticed that there has been mass hysteria in some California-centric websites that flood insurance must be provided by the Federal government in Florida, but not that earthquake insurance must be provided by the Federal government in California.
Botton line, the private sector doesn't handle this type of correlated risk well, and somehow picking on Florida when California does the same thing is pretty weird. We know there will be a big earthquake that will level a lot of property in California just we know there will be a big flood in Florida. Yet "entitled fucks" keep choosing to live in these states. Life goes on.