The First Multi-Peril Disaster Insurance Product – A Q&A with Darren Wood of Recoop

Recoop Disaster Insurance has come to market as a parametric-like solution and the first multi-peril disaster insurance product available for homeowners. The Risk Center reached out to Darren Wood, Founder, and President of Recoop Disaster Insurance to learn more about this new product.Read More

Machine Learning Models for Predicting, Understanding and Influencing Health Perception

Although there are many determinants of face mask-avoidance and related risky behaviors, one key factor is perceived severity of COVID-19. Understanding such health perceptions is necessary for influencing and improving behavior during the crisis. Considerable research in psychology and marketing has found that people are not good at evaluating the severity of different health conditions. Read More

The Role of Home Equity in Flood Insurance Demand

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

Encouraging Resiliency With Auto-Enrollment in Supplemental Flood Insurance Coverage

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

Washington DC’s Environmental Impact Bond – A Q&A with Benjamin Cohen

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

How to Overcome Cognitive Biases Against Climate Action

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