Can this be true??

Is it really possible that the economic damages due to hurricanes along coastlines is really because of coastline buildup of economic cares vs stronger storms??

(yes, that’s snark)
From Science Daily:

A team of scientists have found that the economic damages from hurricanes have increased in the U.S. over time due to greater population, infrastructure, and wealth on the U.S. coastlines, and not to any spike in the number or intensity of hurricanes.