Bloomberg is flogging this story with the headline Most Insurers Lack a Plan to Address Climate Change, as if they’re doing something wrong, yet we learn (via Tom Nelson)
Almost 90 percent of insurance companies lack a comprehensive plan to address climate change and fewer than half of them view it as a likely source of financial losses, according to a report released today.
Only 23 of 184 insurers surveyed demonstrated a “comprehensive climate change strategy” and 88 said they consider climate change a future loss driver, Boston-based Ceres said today in a report.
So, essentially, insurers understand that bad weather happens. Always has, always will, regardless of the climate.