Risk Center Recorded Talks and Virtual Events

Harnessing Insurance for Climate Resilience: Findings of the California Climate Insurance Working Group

Thursday, July 1, 2021 at 12pm

With California communities increasingly exposed to climate change-related threats, California Insurance Commissioner Ricardo Lara wrote the nation’s first climate insurance law to explore innovative strategies that reduce the risk. He appointed a working group of subject matter experts to make recommendations as to how California can harness insurance to better manage climate risks. In this webinar, a few members of the working group discussed the findings and next steps for California and other places wishing to harness innovative insurance approaches.

  • Participants:
    • Mike Peterson (moderator), CA Department of Insurance
    • Alice Hill, Council on Foreign Relations
    • Carolyn Kousky, Wharton Risk Center
    • Serena Sowers, Swiss Re
    • Raghuveer Vinukollu, Munich Re

This webinar is part of a series this summer and fall hosted by the Wharton Risk Center on insurance and climate change. Please find details for the series online here.

Can Finance Solve the Climate and COVID Crises?

Wednesday, April 28, 2021 at 4:30 PM

Financial regulators, such as the European Central Bank and the Fed in the United States, are actively considering their role in solving global crises, such as climate change and the current pandemic. Likewise, private institutions like banks, investment funds, and others are taking active steps to promote a transition to a low-carbon economy.

Navindu Katugampola, Executive Director at Morgan Stanley Investment Management and Sarah E. Light, Associate Professor of Legal Studies & Business Ethics at the Wharton School, discussed what these regulators and firms are doing to address these crises, and what more they can do to promote the transition to a low-carbon economy going forward.

Morgan Stanley Investment Management Limited (MSIM Ltd) is authorized and regulated by the Financial Conduct Authority. Registered in England. Registered No. 1981121. Registered Office: 25 Cabot Square, Canary Wharf, London E14 4QA.


Thursday, April 22, 2021 at 4:30 PM

Multiple factors at the moment appear to be accelerating the transition to electric vehicles (EVs) in the United States, including the announcement by General Motors of its decision to move away from the internal combustion engine, new policies from the Biden Administration, and continued advances in battery technology. Drawing on four distinctive yet interrelated perspectives, this panel – with speakers from the automotive industry, regulators, battery R&D, and clean technology infrastructure – will explore how best to promote a smooth transition and minimize those roadblocks.


Ann Carlson, General Counsel of the National Highway Traffic Safety Administration
Pasquale (Pat) Romano, President and CEO, ChargePoint
Margaret Mann, Center for Integrated Mobility Sciences, National Renewable Energy Laboratory, Department of Energy
Hossein Hassani, Director of EV Ecosystems, General Motors


Sarah E. Light, Associate Professor of Legal Studies and Business Ethics, Co-Faculty Lead, Business, Climate, & Environment Lab at the Wharton Risk Center
John Paul MacDuffie, Professor of Management, Director of Program on Vehicle and Mobility Innovation (PVMI)

Co-sponsored by two research centers at the Wharton School, University of Pennsylvania:

Program on Vehicle and Mobility Innovation (PVMI), Mack Institute on Innovation Management

Business, Climate, and Environment Lab of the Wharton Risk Management and Decision Processes Center

Carolyn Kousky's FEMA PrepTalk

“Harnessing the Power of Disaster Insurance.”  January 16, 2020.

In her FEMA PrepTalk, Dr. Carolyn Kousky, Executive Director of the Wharton Risk Management and Decision Processes Center, demonstrates the essential role of #insurance in disaster recovery. She explains why not enough people have insurance coverage, and offers suggestions for how the public and private sectors can work together to overcome challenges to increasing insurance coverage across America.

Howard Kunreuther's FEMA PrepTalk

“Human Biases: Why People Underprepare for Disasters.” January 19, 2020.

In his FEMA PrepTalk, Prof. Howard Kunreuther Co-Director of the Wharton Risk Management and Decision Processes Center, discusses the processes and biases in decision-making under uncertainty. He also proposes a behavioral risk audit that couples protective decision-making with economic incentives, enabling individual and collective actions to achieve greater resilience.

Additional Videos