The best way to protect from catastrophic storm losses is to not build valuable structures in vulnerable places. Our procedural incentives are sorely misplace.
Local emergency managers know all too well which places in their communities should not be built back after a storm. But they are rebuilt, because the federal government and states provide multiple incentives to rebuild rather than to relocate. The assumption is that taxpayers will always be there to back up private investment after even predictable natural hazards.
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