Susan Wachter of the Wharton School commented on research that found banks are shielding themselves from climate change related risks by shifting some mortgages, such as those in flood-prone regions, back to the federal government. “The problem they’ve discovered is likely to grow in magnitude and is clearly important, because the taxpayer is on the hook,” she said.
https://www.nytimes.com/2019/09/27/climate/mortgage-climate-risk.html The New York Times