November 19, 2020 Carolyn Kousky and Ben Thomas Municipalities are facing increasing financial and operational pressure from the impacts of climate change. As mentioned in a previous Risk Center Q&A with Breckenridge Capital Advisors, climate risks may impact the creditworthiness of municipalities in a way not currently being accounted for.…Read More
ESG Initiative News
The University of Chicago Booth School of Business, Harvard Business School, and University of Pennsylvania’s Wharton School Collaborate on Impact Investing Data Collection
The ESG Initiative at the Wharton School News The University of Chicago Booth School of Business, Harvard Business School, and University of Pennsylvania’s Wharton School Collaborate on Impact Investing Data Collection New joint effort will advance both research and practice in impact investing PHILADELPHIA, October 28, 2020 – Chicago Booth’s…Read More
How to manage political risk in a post pandemic world
Originally published on July 24, 2020 on EY Mary Cline, Jon Shames, and Courtney Rickert McCaffrey The COVID-19 pandemic has changed the world. People, industries and governments have had to adjust to the new reality, leaders prepared to manage the risks that emerge will gain a competitive edge for their…Read More
Disaster Relief: Why the Poor Need Higher Priority
October 12, 2020 This blogpost originally appeared on Knowledge@Wharton on October 5, 2020. Read the full K@W article or listen to the podcast episode. For the poor, like Yamileth Centeno, problems compound when disaster strikes. The electrician from Lake Charles, Louisiana, lost her job in the pandemic and was living…Read More
Addressing the Social Costs of De-Energizing Power Lines to Reduce Wildfire Risk
October 8, 2020 Derek Nong Derek is an undergraduate in the Vagelos Integrated Program for Energy Research at the University of Pennsylvania, majoring in Electrical Engineering and Physics. In order to minimize wildfire risk, California’s electric utilities will sometimes de-energize lines in high risk conditions. Called Public Safety Power Shutoffs…Read More
Arctic Shipping Activity Heating Up Despite Uncertainty and Challenges
October 1, 2020 Erin St. Peter Melting sea ice is opening up the potential for increased maritime traffic in the Arctic—presenting challenges for insurers and highlighting tensions between state interests and environmental concerns. Arctic sea ice is shrinking rapidly. The annual minimum size of Arctic sea ice has been declining…Read More
Bobby and Lauren Turner Deepen Their Commitment to the Wharton Social Impact Initiative
The ESG Initiative at the Wharton School News Bobby and Lauren Turner Deepen Their Commitment to the Wharton Social Impact Initiative PHILADELPHIA, September 23, 2020 — The Wharton School of the University of Pennsylvania is pleased to announce a $2.5 million commitment from undergraduate alumni Bobby Turner, W’84 and Lauren…Read More
PennApps 2020 – Hack for Resilience
September 17, 2020 James Ballot, Senior Advisor, Strategic Communications, Triple-I This post originally appeared on September 15th, 2020 on the Insurance Information Institute's blog. From Friday, September 11 to Sunday, September 13, the third annual the Hack-for-Resilience competition (“H4R”) was hosted by Wharton Risk Center and the Insurance Information Institute’s (“Triple-I”) Resilience Accelerator as part of the PennAppsXXI…Read More
Low-Income Households Should Be Prioritized After Disaster Strikes
September 15, 2020 Carolyn Kousky and Carlos Martin This blog post originally appeared as an Op-Ed in The Hill on August 31, 2020. Hurricane Laura made landfall as a Category 4 hurricane in western Louisiana and eastern Texas Thursday morning, leaving yet-to-be counted damage and despair in its wake. As…Read More
Fundraising for an Effective Cause During an Unrelated Crisis
September 11, 2020 Amanda Geiser, Josh Lewis and Deborah Small Josh Lewis was a 2019 Russell Ackoff Doctoral Student Fellow and received grant funding for this research prior to graduating. COVID-19 has disrupted nearly every aspect of daily life and captured the world’s attention. Governments, nonprofits, and individuals have directed…Read More