Roosevelt Island Hurricane Insurance?

Via Brownstoner, New York magazine has an article about insurance companies dropping home insurance coverage or raising fees on Brooklyn properties. According to the article:

“[The letter] alluded to Hurricane Katrina and said they’re unable to carry the risk of living in coastal areas,”

and

New York is certainly not immune to hurricanes. Ours is a coastal island city, and even if you’re a half-mile inland and can’t see the water, that’s a small distinction to a swirling storm a thousand miles wide.

Also,

According to the Climate Institute, a nonprofit environmental group, the city is “quite vulnerable” to hurricanes and nor’easters, thanks in part to “the area’s nearly 1,500 miles of coastline, and that four out of five boroughs are islands.”

How does this impact Roosevelt Island? We are certainly surrounded by water. I recall a Roosevelt Island Town Hall Meeting several years ago that included a presentation on flood protection insurance. The Main Street Wire has an article about preparation for a hurricane and briefly mentions the issue of insurance here.