Innovation Endeavors’ Post

If you buy a brand new home directly outside of the FEMA special flood hazard area (SFHA), are you safe? Our analysis with The Wall Street Journal suggests not, "Of the 77,000 recently built properties in Florida that First Street identified as at high risk of flooding, 41,000—or more than half—fell outside the official flood zones. Nationally, 211,000 properties were built outside official flood zones but within First Street high-risk areas in the five years through last year, the analysis found." Link: https://lnkd.in/ep59b9b7 It isn't just the flood risk that these brand new homes face that's scary, it is the devaluation that will occur over the next few years. As the market becomes more informed, buyers will begin to look at the price of flood insurance outside of the FEMA SFHA knowing they need to transfer the flood risk as part of their home buying process. When they see that an annual policy is thousands of dollars in addition to the average $10,000 homeowners policy in Florida, it will change the value they are willing to pay for that home. Simply put, when insurance prices go up, home values go down. This is why climate risk financial modeling exists and why the folks at First Street work so hard to ensure that industry, governments, and consumers all have access to our data. A special thanks to Jeremy R. Porter, Ph.D. for his work on this piece. Comment or reach out to me if your home flooded and you were outside the SFHA and without insurance. If you have questions on how your company can leverage our First Street Enterprise Suite to quantify your risk, simply send me a message.

Another exciting recognition for Optiml at EXPO REAL (Messe München) — this time as a category winner at the EXPO Impact Awards! Receiving two awards during the same event is a true testament to the impact we want to make. Thank you to the team behind and to the 70+ international judges. #RealEstateTech #NetZero #Decarbonization #PropTech #ExpoReal2024

🚛 Announcing Our Commitment to Safety! 🚛 Today, we announced an unprecedented commitment to safety by unveiling a comprehensive Third-Party Safety Assessment Framework for our Freight-Only operations (deliveries without a human driver onboard) across North America. We’re taking this bold step to help establish a standard and build trust within the Autonomous Vehicle industry. Through open communication, collaboration, and transparency, we aim to build confidence among all stakeholders and accelerate the responsible deployment of AVs. Freight-Only operations at scale is a groundbreaking goal in the industry, poised to revolutionize middle mile logistics with safe, reliable AI-driven autonomy. Central to this effort, we’ve engaged two agencies that, combined, provide the expert resourcing and independence necessary to assess safety - Edge Case Research to support development, deployment, and safety engineering assessment and separately, TÜV SÜD for third-party safety assessment services. To read more about this historic safety assessment visit the link below.

Hello Brooklyn! Excited to announce our collaboration with Save A Lot and Uber eats to provide high-quality, low-priced, on-demand grocery deliveries to Brooklynites - all powered by our robots! Thanks Kate King from The Wall Street Journal for bringing this story to life! #NYC #Brooklyn #Grocerydelivery #fulfillment #innovation #ondemand Bill Mayo, Bob Dwane, Katie Kobus, Sarah Griffin, Matt Jamison, Katie Cothron, @jim crabtree, Laura Reckdenwald, Drew Rysiewicz, Treble, Matt Grant, Sarah Armstrong, Avi Jacoby (Jack), Curt Avallone, Ori Avraham, Shay Cohen, Raphi Hess, Shirley Bachar, Jonathan Morav, Maya Rubin, Itay Holtzman, Danny Klein, Ari N. Kellman, Noah Stonehill, Prescilla Jimenez Ariella Matar Dveer Levenberg