Climate Risks and Rising Insurance Costs Squeeze Homeowners

Research by Columbia Business School’s Professor Parinitha Sastry was featured in Barron’s in an article examining climate-related insurance risks. In the piece by Beiyi Seow, Professor Sastry’s 2025 working paper is cited for findings that many U.S. households are underinsured at mortgage origination, leaving homeowners financially vulnerable to rebuilding costs in climate-affected regions.