> How does that stop a business or individual from moving to Florida?
It doesn’t. It means when their town gets swept out to sea, they’ll be on the hook for 90% of the cost of rebuilding. That will presumably reduce their numbers.
I fear by then it will be too late, and these rugged individualists will be putting their hand out for socialism help after their poor choice. I would like to hope there is enough political will to tell them to pound sand and grab their bootstraps, but, you know. It is the third most populous state in the US with ~22.9M inhabitants (as of this comment), so its possible we get dragged by these folks. Hard to predict the future in this regard due to politics involved.
Isn’t that in the gap between $900 and 77bn?