Markola
Thinks s/he gets paid by the post
I think it is just like government spending and solvency. Politicians lack the courage to deal with these issues until it is a crisis, meaning government can't pay it's bills or people turn on the faucet and nothing comes out.
Meantime look at the reduced water levels in western lakes.
Trouble ahead for sure.
Property insurance companies aren’t so feckless. Once they throw in the towel in certain vulnerable regions after too many floods, epic hurricanes and fires, behaviors could change. Of course, they could instead lobby for tax payer-financed reinsurance programs to keep the party rolling.