(Outlet: Marketplace) Home buyers now have more tools to assess those risks. This month, Zillow, the country’s largest real estate search platform, announced it’s adding information about climate hazards, and how they might grow over time, to all of its property listings. Users will be able to scroll down to see a risk score for flooding, wind, wildfire, extreme heat and air quality, along with insurance recommendations to protect against related losses.…Read More
(Outlet: Bloomberg) The storm’s downpours have brought flooding far inland in the Southeast and Appalachia, where few homeowners are insured against it.…Read More
(Outlet: Grist) As premiums skyrocket, voters are starting to pay attention to one of the most obscure positions on the ballot.…Read More
(Outlet: WHYY) Immigrants drive job creation, start new businesses and bring innovative ideas that benefit everyone in the city, says Anuj Gupta, president and CEO of The Welcoming Center, and Zeke Hernandez, Max and Bernice Garchik Family Presidential Associate Professor at the Wharton School.…Read More
(Outlet: Energy Policy Now) Time-of-use electricity rates can save consumers money and optimize renewable power. But they can backfire if not carefully designed. Arthur van Benthem joins the Energy Policy Now podcast.…Read More
(Outlet: The Regulatory Review) A proud “irrational economist,” Howard Kunreuther’s influence extended across academic disciplines. Eric C. Orts, Wharton Climate Center Affiliated Scholar, contributes to an essay series on Kunreuther’s life and scholarship. …Read More
(Outlet: Newsweek) The California Department of Insurance gave Allstate permission to increase its homeowners insurance premiums by an average 34.1 percent, the largest rate hike of any major insurer approved by the agency in the past three years. The decision is expected to affect more than 350,000 policyholders across the state, with homeowners in Fresno, Madera and Mariposa counties seeing the highest increases.…Read More
(Outlet: Penn Today) From lower test scores to higher crime rates, economist R. Jisung Park of the School of Social Policy & Practice looks at the daily consequences of climate change.…Read More
(Outlet: E&E News) Sen. J.D. Vance has little love for ESG investing — going so far to call the socially conscious financial strategy a “massive racket” during a 2022 interview. But a review of financial disclosure forms filed by former President Donald Trump’s new running mate finds several investments that could fit neatly into an ESG portfolio. The investments add a new wrinkle to Vance’s mercurial relationship with climate politics. “Anyone with a really large portfolio is going to be pretty well-diversified across a lot of asset classes, including those that ESG investors might overweight,” said Daniel Garrett, an assistant professor of finance at the University of Pennsylvania’s Wharton School.…Read More
(Outlet: The New York Times) Climate change is driving rates higher, but not always in areas with the greatest risk. Getting a detailed look at the cost of insurance in different parts of the United States has been almost impossible until now because private insurers don’t publicly disclose what they charge. But two researchers, Benjamin Keys, a professor of real estate at the University of Pennsylvania’s Wharton School, and Philip Mulder, a professor at the University of Wisconsin School of Business, found a workaround.…Read More
