Now Code, you just explain that to Swiss Re and Munich Re. And, yes, they do factor in inflation and population increase. Were you ever to bother to read what they have to say you would know that. Not that you would ever admit to it. You have your political agenda, and it does not yield to reality.
Alrighty. So your thesis is that there is not a whole bunch more expensive stuff on the coast lines? That the area around Pearl harbor is just as built up today as it was in 1850? San Francisco? Atlantic City? Houston? Indonisia? Japan? Philipines? Miami Beach?
If your answer to any of those is that the build up is not occurring and accelerating up to the recent world wide recession, you're delusional.
The natives in the Philipines probably did not insure their grass huts in the hills, but the Hotel and resort owners who build on the beach probably do.
Do you never subject anything to the "what else must be true for that to be true" test? If you would, it would answer many questions for you rather than just parroting the disjointed drivel of the experts who operate in their own little vacuum.