Here comes the Atlantic (again)

Subtitled “Along parts of the East Coast, the entire system of insuring coastal property is beginning to break down,” this new New York Times article examines how rising sea levels are creating another kind of housing crisis, another kind of liquidity trap. You’ll note how the ghosts we’ve examined in the course (e.g., the Zong massacre) haunt the article’s invocation of insurance and risk. The whole thing is worth a read for many reasons, and not least the emergence of metaphor in the quote below:

This is the hardest reality to discuss, Stiles said, and a reason flood insurance is serving as a kind of advance scout into a more difficult future. “When you go out to the end of the century, some of these neighborhoods don’t exist, so it’s hard to get community engagement,” he said. “Nobody wants to talk beyond where the dragons are on the map, into uncharted territory.”

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