Working Waterfront

The ocean as natural capital

Standing onshore, we perceive the ocean as locality, the curve of the beach, the limit of the harbor, and as universality, the infinite inclusion beyond a distant horizon. We can look at the calculation of value in a similar way. We can understand capital as a monetized measure of value,… SEE MORE
Camden King Tide

Working Waterfront

Federal flood insurance evolved, but not for the best

[caption id="attachment_24986" align="alignleft" width="300"] The King Tide in Camden.[/caption] In the February/March issue of The Working Waterfront, Peter Neill of the World Ocean Observatory suggested using flood insurance premiums to reduce risk instead of repeatedly rebuilding damaged structures (“Rethinking insurance as investment, not pay-out”). The concept of diverting insurance premiums… SEE MORE