"In the face of warnings that climate change was making" storms like Florence "more common" NC created an 'insurer of last resort' and "has written policies for thousands of coastal properties worth tens of billions of dollars." #NoFederalBailOutForNC
propublica.org/article/hurric…
Why did the NC politicians do this?
Because "nationally known insurance companies pulled out of the state’s coastal communities". You know, they assessed the risk and said 'hell no.'
State Farm stopped writing new homeowner policies for houses within a mile of the ocean in 2006. By the end of 2008, Farmers Insurance and Encompass Insurance joined SF.
Hurricane Matthew made landfall in SC two years ago and "caused an estimated $4.8 billion in damage to property, roads, public facilities and agriculture" in NC because of RAIN.
The NC-politician-created Coastal Property Insurance Pool "insures more than three-quarters of all coastal property": 198,039 coastal policies with about $74 billion in potential liability.

"Over the last 12 years, the plan has taken on an additional $20 billion in exposure."
"North Carolina is a prime example of how states are pushing aside the difficult task of dealing with climate change by subsidizing insurance and blunting free-market signals that might discourage building new properties along the coast’s most vulnerable areas." #NoFederalBailOut
“People who live on the coasts oftentimes believe they should not be subjected to premiums that fully reflect their risk... “They believe they should be entitled to some form of subsidy.”
"States all along the coast insure property some private companies wouldn’t touch... In 2011, this exposure peaked at nearly $1 trillion, according to the Insurance Information Institute."

FINE. Let THEIR taxpayers cough up the $ when Mother Nature visits.
#NoFederalBailOut

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More from @kegill

Oct 8, 2018
Brand new Texas group sues Harvard and NYU Law Reviews this weekend claiming reverse discrimination. Lawyer on case: Trump nominee

Harvard filed Sat. NYU on Sun.

Timing a coincidence? I think not.

bloomberg.com/news/articles/…

Story also @ law.com (paywall)
Complainant : Texas-based ‘Faculty, Alumni and Students Opposed to Racial Preferences’

From @Bloomberg- goal to “restore meritocracy at American universities by eliminating the use of race and sex preferences.”

Frivolous suit: no individuals named as having been harmed
Brand new group: web site created Saturday. Coincidence? Doubtful.

fasorp.org
Read 9 tweets
Oct 3, 2018
Dear @resistbot developers

STOP asking for DOB which you are linking to first and last names and phone over insecure SMS.

I’m stunned. This is the sort of info we opposed Trump’s gathering en masse last year.

#justSayNo to today’s ask about being registered to vote.
Reminder that @resistbot org fails basic transparency test on “about” page.

Resist.bot/about

Nothing about how they manage your data, protect your #privacy , who is advisory board, who makes decisions, etc. #Opaque.
You can find two names buried near the bottom of long, densely-packed about page. No details/links.
Via Google search:
ED is Jason @Putorti
Tool built by @EricRies (per @Mlsif)
Read 10 tweets
Sep 29, 2018
“In a 2014 address to Yale Law students, [Kavanaugh] recalled a night of ‘group chugs’ in Boston that ended with his group “falling out of the bus onto the front steps of Yale Law School at about 4:45 a.m.”
nytimes.com/2018/09/28/us/…
Drinking to excess is not synonymous with blacking out (having memory gaps). Kavanaugh implied the former by denying the latter.
Kavanaugh claimed it was “legal to drink” in his senior year. Not true. The legal drinking age in Maryland had been raised to 21 before he turned 18. And 1982, the summer in question, was the summer BEFORE his senior year. He turned 18 in 1983.
Read 12 tweets
Sep 20, 2018
Plan in place in S Africa and UK by a CANADIAN company. John Hancock is not US-owned.

Welcome to global rule by capitalists.

Example of news-release-“reporting” or zero curiosity on the part of the writer.
#privacy #elitism #dataBreachRisk reuters.com/article/us-man…
Do you want ANY corporation monitoring your whereabouts and behavior 24x7? Hell no.

And a reminder that “insurance” wasn’t created to help the most secure/fit. Franklin’s vision: to spread risk throughout a community.

h/t @MrAlanCooper
Insurance as envisioned by Benjamin Franklin was the opposite of individualism (an American myth with long legs).
Read 6 tweets
Sep 20, 2018
Lost in the fevered GOP rhetoric that there is a proverbial time-bomb counting down on the Kavanaugh nomination:

In 2016, some in the GOP said they’d not let Clinton appoint a SCOTUS justice.
h/t @KevinMKruse

pbs.org/newshour/polit…
These “omg we have to vote now else democracy is lost” hypocrites held open a SCOTUS justice seat for ONE YEAR AND 53 DAYS because they did not want the country’s first black president to make that appointment.

washingtonpost.com/opinions/the-m…
The GOP rhetoric is classic 1984-doublespeak (AKA bullsh*t).

CLAIM: The FBI does not investigate charges like those made by Dr. Blasey.

FACT: the FBI investigated Anita Hill’s allegation.

google.com/amp/s/amp.cnn.…
Read 9 tweets
Sep 17, 2018
⚡️ “Trump and Kavanaugh: to the GOP, sexual assault is insignificant”

twitter.com/i/moments/1041…
Unless, of course, the person being accused is a Democrat.
Read 7 tweets

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