Yeah, it costs a lot to hire inspectors to go out to every property and determine that it was the water in the air, not the wind itself that destroyed the house so they aren't covered.
Cynical and false.
http://www.iii.org/sites/default/files/paper_HurricaneAndrew...
Katrina: $47.6 billion paid out. Andrew: $25.0 billion paid out. Ike: $13.1 billion paid out. (Constant 2011 dollars.)
See discussion of "wind pool" in the document, by the way: the way Florida works is by having a semi-governmental organization insure wind damage and letting private insurance companies sell "we'll insure any risk as long as it isn't wind damage" policies.
That's not what they do, though. They are in business to make money, yes -- but they don't always. A bad hurricane season and they can (and do) lose billions.