When Coastal Property Becomes Uninsurable
The insurance industry is not known for idealism. Actuaries don't advocate for solutions because they're hopeful. They advocate because they're calculating risk, and right now the risk math on coastal property is breaking down in ways that threaten the entire business model of property insurance.
The 200-Foot Threat
Instead of simply trying to hold the ocean back, or worse, accepting displacement as inevitable... What if we gave the water somewhere intentionally to go?
Giving the Water Somewhere to Go
Instead of asking "How do we hold the ocean back?" we should be asking "Where can we give it somewhere to go?"