GMAT Critical Reasoning (CR) | Re: For similar house sizes, flood insurance

For similar house sizes, flood insurance for storm and hurricane damage has always cost more in Greenview than in West Palm. Fire department studies, however, show that the house properties owned by Greenview residents are, on average, slightly less likely to be involved in a storm or hurricane than house properties in West Palm. Clearly, therefore, flood insurance companies are making a greater profit on storm and huricane damage insurance in Greenview than in West Palm.

In evaluating the argument,