Most Insurers Not Particularly Concerned With Climapocalypse

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.

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3 Comments

Comment by john
2013-03-09 09:23:25

actually Teach insurers LIKE “bad weather” their business depends on people facing financial loss. Do you expect that number of companies that lack a comprehensive plan to go up or down ? I think it will go UP.

 
Comment by William Teach
2013-03-09 10:02:54

Uh, not so much. Because then they have yo pay out.

PS: bad weather has always happened, and always will.

 
Comment by Brian
2013-03-09 11:48:09

No comment. Biting my tongue.

 

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