Bankers aren't in the business of underwriting risk, other than credit risk. However, mortgages typically require having property insurance as a condition for i

Bankers aren't in the business of underwriting risk, other than credit risk. However, mortgages typically require having property insurance as a condition for issuing the mortgage, so de facto, if the property is uninsurable, the bank isn't issuing a loan. The expert insurance and reinsurance underwriters have started raising rates or exiting some markets altogether, as well.