Hurricane!

I heard from one Floridian that the houses on the beach are usually 2nd homes for wealthy out-of-towners. Her insurance rates are climbing to pay for the damage to the expensive homes that get rebuilt, even though the normal home she lives in a mile from shore sustained little or no damage.

So we're paying for people to rebuild their expensive homes in flood-prone areas, just so they can be hit with another hurricane and get knocked over again?

How is this not welfare for rich people?