I disagree
I believe disasters to be a net positive in the long run.
Everything damaged will be replaced with new items even aging infrastructure that otherwise would have sat continuing to decay.
Well heck, then let’s replace all items everywhere. We will be rich!
So burn down your house and everything in it if it's so good in the long term.
Wealth transfer from Insurance companies to the construction industry
I believe disasters to be a net positive in the long run.
Everything damaged will be replaced with new items even aging infrastructure that otherwise would have sat continuing to decay.
I think in this case you might see some giant tourist resorts or masses of off-island summer homes getting built.
These projects probably would have had local islander opposition (the NIMBY effect) in the past but will simply get ram-rodded though now.
The description of "net positive" may depend on your viewpoint.