They regularly have to pay out for what happens, and they're not happy about the direction things are going and are passing the cost along. Just ask anyone living in Florida:
I have confidence in insurance companies, who are private businesses with skin in the game, to predict short term climate effects on disaster costs. I have little to no confidence in climate activists to predict the costs and benefits of their interventions over much longer time periods.
The insurance companies are certainly doing accounting for climate change:
* https://www.munichre.com/en/risks/climate-change.html
* https://www.insuranceinstitute.ca/en/resources/insights-rese...
* https://www.scientificamerican.com/article/climate-change-is...
* https://vancouver.citynews.ca/2023/08/09/climate-change-cana...
They regularly have to pay out for what happens, and they're not happy about the direction things are going and are passing the cost along. Just ask anyone living in Florida:
* https://www.newsweek.com/florida-insurance-crisis-explained-...
* https://www.pnj.com/story/money/2023/07/12/florida-insurance...
And it's probably a fairly safe assumption that it's only going to get more expensive.