(Outlet: Newsweek) California homeowners have seen the cost of their insurance surge in recent months, as several private insurers have stopped offering new policies in the state for fears of more frequent, devastating wildfires.…Read More
(Outlet: Insurance Business Magazine) Insurance policyholder advocates believe reinsurance program is needed amid insurer pullbacks.…Read More
(Outlet: The People Space) A recent paper argues there is no statistically strong relationship between diversity, equity and inclusion and better financial performance. Does this lessen the business case for investing in DEI or should the case instead rest on a cultural and moral imperative rather than profit?…Read More
(Outlet: Mother Jones) In recent years, top asset management firms from BlackRock to Vanguard have expanded what’s known as Environmental, Social, and Governance (ESG) investing—a way to screen investments not just for profit potential, but also for a company’s record on everything from climate change to workplace diversity. Strive’s goal, however, is the exact opposite: to undo what the fund’s leaders see as a growing culture of “wokeness” that has infected boardrooms across America. …Read More
(Outlet: S&P Global) Barclays PLC can no longer underwrite municipal bonds in Texas after the state’s attorney general determined the bank may be a “fossil fuel boycotter” in violation of state law.…Read More
(Outlet: Forbes Online) After the first calendar year of outflows from US sustainable funds in 2023, the time has come for investors to consider rational sustainability as a middle ground between abandoning and continuing with ESG investing.…Read More
(Outlet: Newsweek) The ongoing insurance crisis in Florida, fueled by the exodus of major insurers and the increased risk of extreme weather events, could trigger a downturn in the state’s real estate market, experts told Newsweek.…Read More
(Outlet: Marketplace) “The fact we no longer use the term ESG on analyst earnings calls, that fund prospectuses are dropping the term ESG, doesn’t mean they’re changing what they’re doing,” said Witold Henisz, vice dean of the ESG Initiative at the Wharton School. “But they’re self-censoring because they don’t want to be called out in a congressional hearing.” He said the right way to judge ESG investing is how it performs in the long term — even if it’s not called ESG by then.…Read More
(Outlet: Daily Pennsylvanian) Penn released admissions results for its Early Decision program on Dec. 14, admitting roughly half of the Class of 2028. The Daily Pennsylvanian sat down with five members of the Class of 2028 to speak with them about their backgrounds, aspirations, and what ultimately drew them to choose Penn.…Read More
(Outlet: Financial Times) The winners of the Responsible Business Education Awards have helped to address vital and sometimes overlooked societal and environmental issues in a practical way. Wharton Professor Daniel Garrett wins “best academic research with societal impact: publications and outreach that have influenced policy or practice” for his paper “Gas, Guns, and Governments” (Federal Reserve Bank of Chicago). …Read More
