And I would argue that even if that was the case, if these areas saw more storms, then the likelihood of this occurring would not have been so one-off. They would have built with that consideration.

Possibly, but never underestimate the short-sightedness of real estate developers. In places like Florida, they force them to design storm-resistant housing (post-Andrew, mainly).

Up here, after Sandy, any house south of Montauk Highway, is basically uninsurable. So you have a lot of waterfront property, that people can't sell. The insurance companies basically enforce it.

My mother was big into managing stormwater runoff (in Maryland). It was one of her casus belli (She had more than one –She was pretty scrappy).

Real estate developers hated her.