Mar. 3, 2021
Communities around the United States face the threat of being underwater. This is not only a matter of rising waters reaching the doorstep. It is also the threat of being financially underwater, owning assets worth less than the money borrowed to obtain them. Many areas around the country may become economically uninhabitable before they become physically unlivable. In her new book Underwater, the LSE’s Rebecca Elliott explores how families, communities, and governments confront problems of loss through the lens of flood insurance, which shapes who can live on the waterfront, on what terms, and at what cost.
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