The housing and population densities are among the lowest in the state of Florida (outside of the Everglades, natch.) HT on the above map, Villanova's Stephen Strader.
This was the issue in yesterday's post, "Hurricane Michael Is Approaching Landfall":
He also makes the point which is behind our Cat bond'insurance/reinsurance focus and thus our lack of coverage despite the hurricane's strength:
"This coastline along US-98 southeast of Panama City Beach is sparsely populated ... mostly forested. This is a very nice drive from Apalachicola ... 98 is right on the water most of the way.Still:
No giant condo towers here..."
Complete destruction to the northeastern side of this bank in Panama City, FL. #HurricaneMichael pic.twitter.com/d1eG2ymZVZ— Jeff Gammons (@StormVisuals) October 10, 2018Incredible tree damage in Lynn Haven from Michael. pic.twitter.com/OQs0KAMWAO— Chris Smith (@smithwjhg) October 10, 2018