Calif. issues short-term ban on insurers dropping homes in wildfire areas | Analysis: A breakdown of distracted driving in the US | Ford shifts strategies, will drop GoRide Health
December 6, 2019
PCI SmartBrief
Top Story
Calif. issues short-term ban on insurers dropping homes in wildfire areas
California has issued a one-year moratorium prohibiting insurance companies from refusing to renew policyholders in wildfire disaster areas. "Insurers are already following all existing laws related to non-renewal including recent legislation, SB 824, which prevents non-renewals in adjacent zip codes following a state declared disaster," Jeremy Merz, vice president for state affairs for APCIA.
Insurance Journal (12/5),  The Wall Street Journal (tiered subscription model) (12/5) 
LinkedIn Twitter Facebook Email
Industry News
Analysis: A breakdown of distracted driving in the US
For every 100 drivers in the US, 10 are driving distracted 15-20% of the time, according to TrueMotion's analysis of 30,000 drivers. However, passing new laws can lead to a decline in distracted driving, TrueMotion found.
Bloomberg (tiered subscription model) (12/5) 
LinkedIn Twitter Facebook Email
Ford shifts strategies, will drop GoRide Health
Ford had been planning to expand its GoRide Health transportation service, but now the company will end that service in the five cities where it operates and pivot to Miami with a focus on autonomous vehicles. Ford says a pilot project will research the intersection of nonemergency transportation and the commercialization of autonomous vehicles.
TechCrunch (tiered subscription model) (12/3) 
LinkedIn Twitter Facebook Email
Feds offer $8.9M to help Texas county elevate flood-prone homes
The Federal Emergency Management Agency has given Brazoria County, Texas, $8.9 million to elevate 70 flood-prone homes by at least 2 feet above the base flood elevation. The action is expected to produce lower insurance premiums for homeowners.
Houston Chronicle (tiered subscription model) (12/5) 
LinkedIn Twitter Facebook Email
Waymo hits 100K rides with robotaxis, expands to iPhone
Waymo's autonomous taxi service has completed 100,000 rides as part of its robotaxi program. The company is now expanding its ride-hailing service for robotaxis to iPhone users.
BNN Bloomberg (Canada) (12/5) 
LinkedIn Twitter Facebook Email
AutoX applies for Calif. driverless-car testing permit
Chinese autonomous-car startup AutoX, whose investors include Dongfeng Motor Group and Alibaba, has applied for a permit to test its vehicles in California without a backup driver in the car. Waymo is the only company currently authorized to do so.
Reuters (12/4) 
LinkedIn Twitter Facebook Email
Catastrophic Risk
Study: Atmospheric rivers pose major flood risk in western US
According to an analysis of 40 years of data from the National Flood Insurance Program, flooding in western states led to nearly $51 billion in damages, more than 84% of which were caused by atmospheric rivers. In certain parts of Oregon and Northern California, these rivers accounted for almost all flood damages, the study said.
University of California, San Diego (12/4) 
LinkedIn Twitter Facebook Email
US pursues Russian hackers accused of stealing $100M
US pursues Russian hackers accused of stealing $100M
(Mark Wilson/Getty Images)
Members of a Russian hacking group called Evil Corp. are being sought by the US for allegedly stealing at least $100 million from banks and corporations in more than 40 countries. The Justice and Treasury departments announced indictments and sanctions against the group, which used malware spread through phishing campaigns to steal bank account login credentials and transfer funds.
CNBC (12/5) 
LinkedIn Twitter Facebook Email
Madam, you ask me how I compose. I compose sitting down.
Pyotr Ilyich Tchaikovsky,
LinkedIn Twitter Facebook Email
Sign Up
SmartBrief offers 200+ newsletters
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Brett Cleary
Editor  -  Charles Tomlinson
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information