Because the state government wouldn't let the insurance companies charge what they wanted to for wind coverage. In their foolish, populist wisdom, the state took over wind risk by instituting an insurance pool. As far as I know, there is no private wind insurance in FL.
Caipirabob merely stated facts. You chose to misinterpret them and jump to conclusions.
Well it looks like they were trying to outsmart the market, because they did not like what the private companies were charging too much. It still results is an attempt to shift the risk of living in a hurricane zone to those who don't.
The higher risk of living in parts of Florida needs to be born only by those living there or with those living in other hurricane zones. I dont see why housing costs in Florida should not reflect the high risk of being there.