Why Aren't the Insurance Companies Helping?

Wildfires are getting more common

One of the things I don’t understand is why the insurance companies aren’t more vocal about supporting climate change initiatives. You’d think that these companies, who tend to think in the long term, would want people to take more action on climate change so that they, the insurance companies, can protect their assets more. They are losing billions every year due to the effects of climate change and yet so many just think of reducing their losses by not covering items they covered before. I feel sorry for the people who’ve paid years for coverage only to discover that they are no longer covered because the threat has now been categorized as “an act of god”. One of the story lines in my novel is about a retired couple who have lived in their house, in a fair-sized community, for over twenty years, only to survive a wildfire that destroys the whole community and realize that their insurance no longer covers them. Like so many people in the real world, they are now refugees. It’s a sobering thought.