(Outlet: CBS News) “We estimate that the top 20% of riskiest zip codes have seen insurance premiums go up by $1,100 on average from 2020 to 2024,” said Ben Keys, a professor of real estate and finance at the University of Pennsylvania’s Wharton School, on a call with reporters. …Read More
(Outlet: Financial Times) Developers are constructing more in high-risk areas — illustrating the twin challenges of adapting to severe weather while addressing a housing shortage.…Read More
(Outlet: The New York Times) The danger from extreme weather is growing, and so are insurance costs. Here’s what to know.…Read More
(Outlet: CNBC) It’s still too soon to fully calculate the cost of the Los Angeles wildfires, but one thing is clear: The cost of insurance will go up, and that will affect not just the value of LA real estate but of real estate across the nation.…Read More
(Outlet: NPR) Federal Reserve Chairman Jerome Powell warned that it may become impossible to get a mortgage in some high-risk areas in 10-15 years. Is he right? Michel Martin asks University of Pennsylvania real estate professor Ben Keys.…Read More
(Outlet: Wharton Business Daily) Wharton business economics and public policy professor Arthur van Benthem discusses his research on the benefits of dynamic electricity pricing.…Read More
This collection of ESG Initiative research from the past eight years addresses cost and recovery from natural disasters, in light of the devastating California wildfires.…Read More
(Outlet: The Wall Street Journal) Rising home-insurance costs and more homeowners spurning some risky neighborhoods will drive these declines, according to First Street.…Read More
(Outlet: Resources Radio) In this week’s episode, host Daniel Raimi talks with Sanya Carley, a professor and faculty director at the University of Pennsylvania and a university fellow at Resources for the Future, about energy poverty in the United States. …Read More
(Outlet: CBS News) As disasters linked to climate change become more frequent in the U.S., homeowners across the country are paying the price through skyrocketing insurance costs — and not only in states like Florida and California that are considered most vulnerable to global warming. …Read More
