Study reveals hurricane risk impact on Florida housing market and economically vulnerable borrowers. With Hurricane Idalia's $9.36B toll and Florida's insurance market crisis, Smith Enterprise Risk Consortium examines US hurricane risk and housing market vulnerability. Focus on Florida's high-risk areas unveils impact on minority and low-income borrowers. Insights crucial for preparedness.

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.

University of Maryland's Smith School of Business research influences SEC's new cybersecurity disclosure rules. SEC-registered businesses must adhere to updates. Martin P. Loeb's studies cited, emphasizing market reactions to cyber incidents. Gordon's advocacy spans 15+ years. Research supports mandatory disclosure. Implications for Smith Enterprise Risk Consortium's cyber risk understanding.

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.

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.