Does your insurance protect you from climate risk?
June 15, 2026
June 15, 2026
PHILADELPHIA, Pennsylvania, June 15 -- The University of Pennsylvania posted the following news:
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Does your insurance protect you from climate risk?
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In a new study, Wharton finance professor Parinitha Sastry and co-authors examine how mispricing of climate risk in mortgages and property insurance creates large taxpayer exposures, and leads to excess credit flows to risky areas. The working paper, " When Insurers Exit: Climate Losses . . .
* * *
Does your insurance protect you from climate risk?
*
In a new study, Wharton finance professor Parinitha Sastry and co-authors examine how mispricing of climate risk in mortgages and property insurance creates large taxpayer exposures, and leads to excess credit flows to risky areas. The working paper, " When Insurers Exit: Climate Losses . . .