That depends. A lot of those houses were built in places where no house should ever been built. Not for reasons of insurance, but also for environmental reasons, too. Not everything is the fault of greed. Some home owners are simply too stupid. You cannot force the costs of those people on the other insurance customers who did not build a wooden house in the middle of a forest known to burn down regularly.

While thats a gut reaction that many have but the issue is the "working class people " are the vast najoirty and are the enablers of these actions.

If you live in a democracy you are vicariously liable for the action of the people who represent you. Democracy is a lot of work and I posit that it is, needing many hours a week. This isnt an easily soluble problem as its taken many decades to get here. People are so unwilling to step outside the orthodoxy so politcans are as well. As Michel Barnier said abiit climate change , we know what to do, we just haven't figured out how to be re-eleted if we do.

On this, I side with insurers as they literaly can't insure then uninsurable under the current system but step outside of that, the insurance industry itself is a ponzi scheme, it's one mega disaster away from complete bankruptcy, perhaps Geico aside.

Like everything else we do, we'll tweak at the edges and never solve this. Solutions are untenable, for example you really need mass abandonment of places like Miami to "solve" it and that would take decades even if you undertook such a task seriously and we arent even at the level of discussing what needs doing let alone doing it.

We literally know Mimai etal will be unlivable in decades to come and yet... Its like having a tea party on a train track with no access to a train timetable, it can only end one way but exactly when is unknowable.