Along parts of the East Coast, the entire system of insuring coastal property is beginning to break down.
In 1909, a group of Virginia developers placed an ad in The Norfolk Ledger-Dispatch announcing the creation of a subdivision that â€” because it was built on a pair of peninsulas where the Lafayette and Elizabeth Rivers poured into Chesapeake Bay â€” came to be known as Larchmont-Edgewater. The developers set up private jitney service to downtown and advertised the area as â€œNorfolkâ€™s only high-class suburb.â€ People flocked to live by the waterâ€™s edge.
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