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I have an article in Slate out today with my take on Risk Rating 2.0, FEMAs new approach to setting flood insurance premiums.
slate.com/news-and-politics/…
This turned out to be a more balanced take than I expected from the first paragraphs. The concern about lower income communities being singled out for managed retreat is I think valid.
theatlantic.com/politics/arc…
Disappointing that the article mentions only one death- there have been at least 5. But good that the issue is getting attention.
Inside Tesla as Elon Musk Pushed an Unflinching Vision for Self-Driving Cars nytimes.com/2021/12/06/techn…
Glad to see the issue of flood risk disclosure getting (bipartisan) attention in Congress. I would not limit it to flood zones since there's plenty of risk outside them.
rubio.senate.gov/public/inde…
FEMA is about to implement "Risk Rating 2.0," which will raise flood insurance premiums for 80% of #NFIP policyholders. It's drawing opposition from across the political spectrum. FEMA's own work shows affordability will be a major problem.
menendez.senate.gov/newsroom…
Glad to see the issue of compliance with NFIP's purchase mandate getting attention. But it's a hard problem to fix without first addressing affordability.
gao.gov/assets/gao-21-578.pd…
nytimes.com/2021/03/18/clima…
This should not surprise anyone. The financial impact of higher flood insurance premiums cuts across political and socio-economic lines. Many of the parts of NYC that are most at risk of flooding are not wealthy.
P.S. Happy to share that my paper addressing this issue has been accepted for publication by the University of Colorado Law Review! papers.ssrn.com/sol3/papers.…
Not the first study to produce similar findings, but super important nonetheless. Of particular note: "Millions of home and property owners have had no way of knowing the significant risk they face," and problem is worse in minority neighborhoods. nytimes.com/interactive/2020…
An Arizona appellate court recently revived a plaintiff's claim that a Jeep that rear ended her was defective b/c it lacked automatic emergency braking. We might see more of these claims as AV tech makes incremental progress. law.marquette.edu/facultyblo…
Significant story that has somehow flown under the radar. It's interesting that Nashville has gone along with it (mandatory buyouts) while other places threatened by sea level rise seem more resistant.
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Excellent reminder that affordability remains a major challenge for the NFIP. The problem of not enough people buying flood insurance deserves more attention.
"Where it can rain, it can flood." Still, most Americans do not have flood insurance. marketplace.org/2020/02/24/w…
NTSB opened public dockets for two fatal crashes involving #Tesla Autopilot today. No official conclusions but lots of interesting facts...
ntsb.gov/news/press-releases…
Second killed Jeremy Banner when he crashed head on into a tractor trailer that was crossing his path and completely obstructing the road. AP was active and did not detect the truck at all. (Banner didn't either, and didn't have hands on wheel).
I'll believe it when I see it, but this sounds like exciting progress.
GM’s Cruise plans to unveil production details for its robot taxi soon. ‘This is a fully engineered vehicle that’s on its way to production,’ Dan Ammann, Cruise CEO, says. wsj.com/articles/gms-cruise-… via @WSJ
