Limit this increase to the homes directly on the beaches, and within 1 mile of the beaches. Leave the rest of us alone money hungry blood suckers! It's moves such as this that keeps our economy in a recession state. For those that have the $500,000 + houses facing potential danger with Mother Nature...well...you should have thought this out before building or buying. Having a lot of money doesn't always go hand in hand with intelligence :-) Locals here are tired of *Bailing Out* (new buzz word these days) home owners that build directly in harms way. FOR ONCE make those effected by a 100% disaster risk pay...not the person who's income doesn't allow a 75% mark up on their Escrow Account for Insurance Blood Sucker Rates! If I won a $1,000,000 home on Wrightsville Beach in a lottery...I'd tear it down and turn the land into a beagle farm...or better yet a duck farm where the residents can swim away when the BIG ONE STRIKES!!! Wait a minute...what if a huge chunk of the Continental Shelf breaks off and causes a major tidal wave on our coast line??? Well...there's another excuse for a rate increase!