Yeah, I looked at it, and at rough blush, about 17 people have been killed over the past 50 years from Hurricanes in NJ. Most of these storms hit other states first, and were tropical storms when hitting NJ.
NJ's risk seems really low considering.
For life insurance. Property is another issue. Seems like Allstate's trying to hedge its bets against castastrophic payouts. They lost 3 billion last year. Made a billion back last quarter. Heaven knows how much they need to put away for their rainy-day fund. I kinda feel sorry for the insurance companies actually. People engage in high risk behavior. Are as litigious as heck. Expect other people to pay for their pleasures. Insurance companies exist to make money. Must be hard to do when 9 or 10 figure losses can occur in a few hours.