It's about time somebody started talking about this.
While I don't live near the gulf states... or any major body of water (Minnesota), I'd have to say that people who choose to live in areas where Hurricanes hit almost annually must be out of their minds!
I remember just yesterday, I was reading a Reader's Digest talking about the NFIP (National Flood Insurance Program). According to the article, more than $9B on homes that have flooded more than... I want to say it was 16 times in the past decade. And that's not its entire budget.
And, funny enough, a congressman supposedly put forward a bill that allowed homeowners to buy insurance Retroactively... I don't know about you, but isn't insurance supposed to be bought "In case" not because it happened?
Oh well... I'm going to have to go source hunting soon...