Can someone please explain to me why taxpayers are forced to sub

Cape May County - Can someone please explain to me why taxpayers are forced to subsidize the flood insurance for wealthy property owners? It seems to me that if one can afford to build/own a multi-million dollar house they should be able to afford the insurance. There are places where houses shouldn't be built. Insurance companies are pulling out of Florida for good reason. We should stop giving these handouts to the wealthy. It's time they started paying their own way.