Insurers have a unique opportunity to take on a climate risk translation role that expands the concept of insurance beyond the single client/single year paradigm to drive reductions in climate impacts, protecting the long-term availability, affordability, and reliability of insurance.…Read More
While Direct Air Capture technology faces several challenges including resource limitations and risks such as over-reliance, carbon storage costs and safety, and unsustainable uses of captured carbon, research from the IPCC has shown that it will be required to reach emissions targets. Read more from recent graduate, Hiyori Yoshida.…Read More
As millions of homes in the U.S. are exposed to increasing flood risks, the lack of insurance coverage can threaten the sustainability of the mortgage system as we know it. Yanjun (Penny) Liao and Philip Mulder share insights from their recent paper “What’s at Stake? Understanding the Role of Home Equity in Flood Insurance Demand”.…Read More
Sea level rise is an inherent threat to the physical integrity and long-term existence of coastal historic places. The need for action is widely accepted, but the question of how to appropriately balance sea level rise adaptation and historic preservation goals varies across communities.…Read More
President Biden recently proposed an $174 billion Electric Vehicle (EV) package. Ashmit Vyas, a rising senior in the School of Arts & Sciences, shares his opinions on the subsidies in this blog post.…Read More
Can private insurance encourage homeowners to adapt their properties in order to reduce escalating flood losses from climate change? A recent study finds substantial demand for a novel supplementary flood insurance product that funds low-cost adaptations to reduce future damage when rebuilding after a flood—and shows that auto-enrollment increases that demand.…Read More
Katie Collier, a senior at the School of Arts and Sciences, discusses how alternative proteins can provide the hedonic experience of real meat without negative environmental externalities despite some barriers still needing to be overcome.…Read More
The Risk Center spoke with CA State Senator Ben Allen and Julia Stein at UCLA School of Law about proposed state legislation SB83 to create a revolving loan program, allowing California counties and communities to purchase vulnerable coastal properties.…Read More
The city of Washington DC’s Environmental Impact Bond (EIB) offering, the first of its kind within the United States, presents a new blueprint for capitalizing municipal resilience projects while better managing the risk associated with severe storms and flooding. Alison Milman, a UPenn Undergrad, speaks to Benjamin Cohen from Quantified Ventures about this EIB.…Read More
Originally in The Hill, Risk Center Co-Directors, Howard Kunreuther and Robert Meyer, discuss cognitive biases, like myopia and inertia, that prevent people from taking climate action like investing in solar power in this op-ed.…Read More
