Ok, people, let's all back up. There are a few important points from the Ceres report that both Quartz and our esteemed Mr. Constant missed:
1. "The insurance industry" is not a homogeneous group. Property & Casualty insurers are very very different from Life & Health insurers. The report indicates (as one might expect) that P&C carriers are much more likely to have adopted climate-related risk management strategies, because they have a lot more at risk. When you pay out billions in claims for every Sandy, Irene, Ike, Katrina, etc., you have to be proactive. Life & Health carriers don't see those extreme events and therefore have no incentive to prepare for them. Is there a potential for catastrophic losses to life insurance companies from climate-related events? Sure. But that's not as pressing to them as, say, obesity, and by the time we get to that point, we're pretty much doomed.
2. Larger P&C carriers DO have these plans in place. Most of them will address climate change on their websites or in their annual report. If this is important for you (if you're someone who appreciates reality and/or lives near a body of water), check up on your carrier. If you don't like what you find, switch.
3. Here's a good example of a P&C carrier who is doing it right: https://www.travelers.com/about-us/trave…