Risk-Taking Homebuyers Flood Florida in Hurricanes' Wake

The video discusses the impact of climate change gentrification in Southwest Florida, where wealthy individuals buy properties destroyed by hurricanes to build luxury homes. The government allows the market to dictate rebuilding, avoiding taxpayer-funded subsidies. However, taxpayers still bear costs for infrastructure and emergency services. Insurance companies are withdrawing from Florida due to high risks, leaving the state to provide subsidized insurance.

What are the financial implications for taxpayers regarding the rebuilding of properties after hurricanes?

How are insurance companies responding to the risks associated with hurricanes in Florida?