The Policy Incubator supports novel approaches for increasing resilience through the development of visionary ideas, encouragement of innovative thinkers, and the advancement of workable on-the-ground solutions.

Overview

The Policy Incubator is:

A thought leader, soliciting and supporting innovative and potentially transformative approaches to building resilience.

A test kitchen, where promising policies are analyzed and researched, giving support and grounding to visionary ideas.

An independent convener, bringing together diverse sectors to dissect challenges in order to design new solutions.

A bridge between disciplines and sectors, combining perspectives, translating across boundaries, and promoting collaboration through evidence-based policy design and analysis.

A voice for the public good, committed to resilience opportunities that benefit everyone.

Equitable Resilience

Research
Topics

Upgrading Flood Insurance

Linking Risk Reduction
& Risk Transfer

Closing The
Disaster Insurance Gap

Research Topics

Equitable Resilience

Upgrading Flood Insurance

Linking Risk Reduction
& Risk Transfer

Policies for Dynamic
Coastal Risk

Closing The
Disaster Insurance Gap

Updates from the Policy Incubator

Resilience Lab Notes

Recent Blog Posts:

Must Floodplain Buyouts Decrease Tax Revenue?

Local officials are often reluctant to offer post-flood housing buyout programs because buyouts can result in lost property tax revenue. While tax revenue plays a major role in local level decisions, buyout programs can be design to minimize potential losses or even increase local revenues by coupling the buyouts to strong land-use planning strategies that enhance the community.

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Structure of the Residential Flood Insurance Market

While private flood insurance accounts for less than 5% of all residential flood policies purchased, the private market is growing and policymakers are increasingly interested in its expansion. Drawing on our recent report, The Emerging Private Residential Flood Insurance Market in the United States, our newest issue brief describes the key players and structure of the residential flood market.

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Flood Risk Beliefs and Coastal Home Prices

How does coastal flood risk impact home prices? The answer depends, in part, on how buyers and sellers perceive flood risk. In a recent NBER working paper, Laura Bakkensen and Lint Barrage examine the potential impact of heterogeneous beliefs about flood risk on housing market price dynamics, given a hypothetical increase in flood risk.

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Wharton Risk Management
and Decision Processes Center

St. Leonard’s Court | Suite 130
3819 Chestnut Street
Philadelphia, PA  19104

P: 215-898-5688
F: 215-573-2130