Reply #19: It sounds like we're still on the merry-go-round [View All]

Developers build houses and people buy them in places that will be damaged or destroyed by a hurricane. Alternatively, places that were safe before are put in harm's way by later development. Private companies won't offer insurance because the risk is too high. People won't buy government insurance OR local powers-that-be won't allow it because an honest assessment of risk will stop all that development. The disaster comes, and now who picks up the bill? I'm sorry for those involved, but should people in high tax, high regulation states be handed the tab? This is an important question given that the push is to rebuild in the same places that were hit this time. How about a surtax on big developers instead?