In our ‘hyper-polarized’ political climate, 20% of the S&P 500 is now doing this

A group of police officers and protesters stand in a road; some protestors hold American flags and one holds a red sign that reads "LOCK HIM UP."

(Outlet: MarketWatch) Watchdog and Wharton center release their latest study that tracks companies’ disclosures of political spending. According to the latest study co-authored by that organization, the Center for Political Accountability in Washington, D.C., and the Zicklin Center for Business Ethics Research at the University of Pennsylvania’s Wharton School, a growing number of S&P 500 companies have made the effort to earn the highest scores from a watchdog organization that’s focused on transparency in corporate political spending.Read More

Feeling the pinch of high home insurance rates? It’s not getting better anytime soon

In this aerial view, the destruction left in the wake of Hurricane Ian is shown on Oct. 2, 2022, in Fort Myers Beach, Fla.

(Outlet: NPR) Many in Florida are finding homeowners’ insurance unaffordable, and it’s only getting worse. Benjamin Keys, a professor of real estate at the University of Pennsylvania, says, “What we have is a real changing landscape in insurance markets, a recognition that risks have increased in recent years. Disasters are occurring with more frequency and severity than previously forecast.”Read More

As Storm Damages Mount, States Try to Make It Harder to Sue Insurers

A blurry wet crosswalk with debris from storms.

(Outlet: Wall Street Journal) Climate-driven payouts are pressuring insurers, and some states are looking to keep premiums down. “The pendulum is swinging from being less friendly to insurers to putting them into a position of strength,” said Benjamin Keys, a professor of real estate and finance at the University of Pennsylvania’s Wharton School.Read More

In California and Europe, a new dawn for corporate climate disclosure

A plume of smoke being emitted into the air from a power plant, Feb. 16, 2022, in Fairbanks, Alaska.

(Outlet: The Hill) The Securities and Exchange Commission (SEC) is expected to finalize a new rule this month to cover required corporate climate disclosures by public-reporting companies. But the bigger news is that California Gov. Gavin Newsom (D) has announced that he will soon sign into law two climate change disclosure bills passed by the state Legislature. Wharton Professor Eric Orts weighs in on these new environmental laws.Read More