The Insurance Industry and the California Wil...

Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, analyzes the origins of billionaire and wealth taxes, explains why they consistently underperform revenue expectations, and explores their ...  Show more

Stefano Puntoni, Wharton Professor of Marketing and Co-Director of the Wharton Human-AI Research Program, discusses OpenAI’s move toward advertising, its implications for monetization, consumer experience, and the future of digital advertising. Hosted on Acast. See acast.com/priv ...  Show more

In recent years, most home insurers were fleeing areas of California with high risk for wildfires. But State Farm was there, dominating the market. Then, just months before the devastating L.A. fires, the company dropped 30,000 homeowners from their books. WSJ’s Jean Eaglesham ex ...  Show more

Thousands of homes burned to the ground in the recent wildfires in Los Angeles which will likely become the most expensive natural disaster in US history.Many victims did not have insurance, because they couldn’t afford California’s increasingly expensive policies or because they ...  Show more

Natural disasters are becoming more severe and costly—who should bear the financial burden? We explore the tension between socialized risk and market-based insurance.

Topics covered include:

In January, communities in Los Angeles were devastated by wildfires, permanently displacing thousands and destroying property and lives. Prior to the fires, thousands of L.A. residents in fire-prone areas were dropped from their insurance, leaving them with no protection or safet ...  Show more