(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
(Outlet: The New York Times) As the Southeast begins to recover from back-to-back hurricanes, potential home buyers across the country should take notice of the billions of dollars in property damage from the storms, some of it uninsured. The tremendous loss in places such as Swannanoa, N.C., and Keaton Beach, Fla., shows that homeownership in a world of growing disaster risk is less of an asset than it once was, writes Ben Keys.…Read More
(Outlet: The Washington Post) As buyers and sellers wake up to risks on a hotter planet, Cape Coral might be a preview of what millions of homeowners throughout the country could face: a slow and almost imperceptible re-pricing of many people’s biggest asset.…Read More
(Outlet: Wharton Magazine) From piloting an Indian water-monitoring technology that helps farmers keep an eye on fish production to mobilizing $5.7 billion in capital toward toilets and taps, Wharton alumni are making a difference in the water industry.…Read More
