The risky business of homeowners insurance

State Farm, the largest insurer in California, has stopped writing new home insurance policies there, citing “rapidly growing catastrophe exposure.” In a Q&A, Wharton’s Benjamin Keys discusses climate change and its risk to the real estate market.

Kristina García

How banks could protect themselves from runs

The 2023 banking crisis brought into sharp focus the downsides of rising interest rates and uninsured deposits. New research co-authored by Wharton’s Itamar Drechsler offers banks a way to manage those risks.

From Knowledge at Wharton

Lessons from the Silicon Valley Bank collapse

Wharton finance professor Itamar Drechsler discusses what led to the collapse of SVB and the questions it raises for banks, depositors, and regulators going forward.

From Knowledge at Wharton

In the News

Business Insider

Arm and Instacart’s splashy IPOs won’t be enough to revive a market in a slump reminiscent of the dot-com bust

David Erickson of the Wharton School says that the current IPO landscape reminds him of the landscape following the dot-com bust.


The Washington Post

Four million have enrolled in Biden’s new student loan repayment plan

The Penn Wharton Budget Model estimates that the Save student loan repayment plan will cost as much as $558 billion over a 10-year period.



Valuation metrics that will make you a better investor

David Wessels of the Wharton School explains why calculating enterprise value from earnings before interest, taxes, depreciation and amortization is a useful valuation metric.



At Taser maker Axon, ex-staffers say loyalty meant being tased or tattooed

Wayne Guay of the Wharton School says that Axon’s stock plan was aggressive in its targets and covered an unusually long period, making it riskier for younger, often highly mobile employees.



Powell’s speech did not address GDP rise from productivity growth, Wharton School’s Jeremy Siegel

On “Closing Bell,” Jeremy Siegel of the Wharton School discusses what the market reaction to Federal Reserve Chair Jerome Powell’s recent speech says about the state of monetary policy.


The Wall Street Journal

Rising insurance costs start to hit home sales

A Wharton School study finds that on average, 30% of homes have flood insurance policies in high-risk areas.