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NRC report examines options for tying insurance rates to flood risk

Current methods used by the National Flood Insurance Program for setting risk-based insurance rates do not fully capture the flood risk for low-lying structures, which are more likely to incur losses because they are subject to longer duration and greater depth of flooding and are flooded more frequently and by smaller flood events, says a new report from the National Research Council (NRC).

Flatiron secures $1.2 billion California HSR project

The California High-Speed Rail Authority awarded the California High Speed Rail Package 2-3, a $1.23 billion, design-build contract to construct a 60-plus mile portion of new high speed rail (HSR) between Los Angeles and San Francisco, to joint venture team of Dragados USA and Flatiron.

Edward Wasserman receives John A. Roebling Medal

Edward Wasserman, senior engineer at bridge design and engineering firm Modjeski and Masters, was the recipient of the 2015 John A. Roebling Medal, which recognizes an individual for lifetime achievement in bridge engineering.

ARTBA comment: HTF’s solvency problems are structural and political

The root of the federal Highway Trust Fund’s (HTF) revenue crisis is not an antiquated gas tax, alternative-fueled vehicles dominating the U.S. automobile fleet, or improved vehicle fuel economy. The direct and obvious flaw: the federal motor fuels tax rates and other highway user fee rates have not been adjusted for more than 20 years.

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