Attorney General Hilgers sues First Street, a climate risk data company
LINCOLN, Neb. (KLKN) — Attorney General Mike Hilgers has filed a lawsuit against First Street, a climate risk data and analytics company.
The lawsuit regards alleged inaccurate and misleading predictions that have ‘depressed Nebraska’s real estate market and made it difficult for Nebraskan homeowners to sell their homes.’
“First Street is making a profit at the expense of the value of Nebraskans’ homes,” said Attorney General Hilgers. “First Street passes off misleading and often inaccurate climate speculation in a way that drives down home values and increases costs and frustrations for Nebraskans. The deceptive behavior has to stop.”
Hilgers says the data and risk scores presented from First Street are inaccurate, allegedly hindering Nebraska homeowners.
The lawsuit alleges that First Street’s scores are based on inaccurate information, that the predictions are not disclosed to be different from federal government’s data and that First Street protects its ‘inaccurate’ predictions by keeping their data secret.
