Climate Center

(Outlet: The Lever) Los Angeles’ wildfires and an industry-tied insurance regulator may prove a tipping point for the country’s faltering financial safety net.…Read More

(Outlet: ABC News Australia) California’s devastating wildfires have exposed an insurance crisis plaguing many disaster-prone areas around the world, and risk pushing up premiums in Australia.…Read More

(Outlet: The Cool Down) The baseline estimate of the burden is 131% of a firm’s total equity value. A paper from the University of Pennsylvania has outlined how one surprising factor could be reducing the value of various firms, and getting a handle on the issue would be a smart move for shareholders, employees, and customers. …Read More

(Outlet: Reuters) The scale of losses anticipated in the wildfires now ringing Los Angeles, as well as regulatory changes enacted late last year, could spell an end to relatively cheap homeowners’ insurance in areas like the Palisades that are at elevated risk for wildfires, four analysts told Reuters.…Read More

(Outlet: Marketplace) Benjamin Keys, a professor of real estate and finance at the University of Pennsylvania’s Wharton School, joined “Marketplace” host Amy Scott to talk about the California insurance market and what the payout might look like once claims come in. …Read More

(Outlet: The Guardian) ‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say.…Read More

(Outlet: Fast Company) Nine of the 15 major U.S. counties with the largest home insurance increases are in Florida.…Read More

(Outlet: Reuters) A rare bright spot for environmentalists in last week’s U.S. election results came in Washington State, where voters easily defeated an attempt to end the state’s carbon market by a margin of 62% to 38%. Analysts said the result was in line with widespread interest in the structures that allow investors to put a price on emissions.…Read More

(Outlet: Finance Center at the Wharton School) How much of a firm’s value to society is hidden by traditional financial metrics? In this interview, Professors Robert Stambaugh and Luke Taylor dive into their study, “Carbon Burden,” which is part of the Jacobs Levy Center’s working paper series.…Read More

(Outlet: The Washington Post) Benjamin Keys, a real estate and finance professor at the University of Pennsylvania’s Wharton School, is forecasting a more gradual decline in regional markets, rather than an imminent severe downturn.…Read More