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.
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.
Uh, not so much. Because then they have yo pay out.
PS: bad weather has always happened, and always will.
No comment. Biting my tongue.