I have an idea for preventing problems like this.

Some entrepreneurs could set up risk pools for people who live in hurricane areas, and other areas subject to weather. People could participate by sending funds to the risk pools, which the companies could conservatively invest, yet tapping them when needed to reimburse participants for losses due to Acts of God. The people living in the highest risk areas could pay a little extra, just to make it fair for everyone.

Who’s with me?