One would think.
However, based on previous observations that will not happen. I remember being very concerned, after first moving to Virginia, about people losing their homes in ocean storms this time of the year on Cape Hatteras (which is about 60 miles away). Then, the next year people lost homes on Cape Hatteras. And then the next. It happens every year! Fortunately, these are typically summer homes that the owners can affort to rebuild.
I haven't figured out how they keep getting insurance money to rebuild these homes nearly every year, but they do. After awhile, the Federal Government will buy land that is prone to catastrophic flooding to stop people from building there, much like after the floods along the Mississippi river in the late 90's. I believe that waterfront property is preceived as valuable and someone is always going to live there regardless of the risks. Of course people live at the base of Mt. Vesuvius, which seems risky to me as well.
That said, I really feel for those people who were in the path of Katrina, plus I have a neice living in Shreveport. Been through the hurricane experience, it's no fun.
Regards,
Malta