The Maryland Department of Emergency Management collaborates with the University of Maryland's Robert H. Smith School of Business to develop a Mortgage Climate Risk Analyzer. Led by Professor Clifford Rossi, the tool assesses climate-related risks to homeowners, aiding in disaster preparedness and resiliency efforts.
Companies have managed risk for years. Traditionally, each business unit evaluates and handles their own risk, then reports to the CEO. Now, conventionally, the practice is holistically evolving to “enterprise risk management” or “ERM.”
Pre-pandemic, healthy demand for office and retail spaces signaled a growing commercial real estate (CRE) market. Loans were readily available, often with favorable terms. But the COVID lockdowns shifted the landscape significantly with businesses shuttering and employees transitioning to remote work.
A July tornado that tore across the Rocky Mount, N.C., region left severe damage including to a Pfizer facility. Amid subsequent supply chain disruption, the manufacturer alerted hospitals to a list of 12 drugs available only through emergency orders “due to their high medical need,” effective “immediately and until further notice.” The disruption further prompted action from risk management expert Clifford Rossi and students in the Master of Quantitative Finance (MQF) program at the University of Maryland’s Robert H. Smith School of Business.
COLLEGE PARK. Md. – June 1, 2023 – An initiative targeting both industry practitioners and students to advance their knowledge and skills in risk management and to provide innovative risk analytics tools and modeling capabilities to institutions is forthcoming from the University of Maryland’s Robert H. Smith School of Business.
Many Maryland homeowners are increasingly faced with the threat of costly home repairs from extreme weather events. With climate change, these events are becoming more frequent and more intense. And that could mean bigger problems for homeowners – particularly those who don’t have the extra cash to handle repairs.
Federal Reserve economists predicting a mild recession as a result of the recent banking crisis has drawn varied and incisive responses from finance experts at the University of Maryland’s Robert H. Smith School of Business.
Every year, natural disasters have catastrophic consequences and cause billions of dollars of property damage. With climate change, the impacts are only getting worse.
The collapse of Silicon Valley Bank is the second largest bank failure in U.S. history. SVB was taken over by the FDIC last Friday after depositors, fearing the bank would soon be unable to pay its debts, began withdrawing their money at an alarming rate. Smith experts Cliff Rossi and Bill Longbrake recently spoke with Progyan Basu, clinical professor of Accounting and Information Assurance, about the impact of this failure on the banking industry and the economy as a whole.
Health safety for residents following the Feb. 3 Norfolk Southern train derailment in East Palestine, Ohio, has been a top concern. Has it really been safe enough to return – both for the short- and long-term?