Mispricing Climate Risk: How Insurance Fragility Shapes Mortgage Markets

A person's professional headshot on the left, with text on the right that reads, "Parinitha Sastry, Assistant Professor of Finance at Wharton. On “When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets” Professor Parinitha Sastry and her co-authors Ishita Sen and Ana-Maria Tenekedjieva won the 2025 Marshall Blume Prize in Financial Research for their working paper, "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets." Their study examines how mispricing of climate risk in mortgages and property insurance creates large taxpayerRead More