model with heterogeneous agents, we reveal the existence of an extreme weather risk premium in the cross-section of stock … risk factors from standard asset pricing models nor by firm characteristics. Our results reveal a novel link between … climate risk and firm value. …

one of the most significant hazards within the Physical Risk domain, which is Flood Risk. The measurement is focused on … expected losses that result from the stressed projections. The flood risk projection is executed on a long-term timeframe …: Transition Risk, associated with policies undertaken by governments to foster climate change mitigation and adaptation; Physical …

Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to … flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge … higher rates for lower LTV loans that face "un-mapped" flood risk. This effect is weaker for high income applicants, as well …