The insurance industry has for a long time been the great hope of many industrialists, including me. Not because an inherent goodness - this industry is probably as controlled by greed as any other. Which is what makes insurance companies interesting - they are set to lose a lot of money from more volatile weather, and have a strict vested interest in combating climate change.
It is nice to see the Swedish insurers out of the closet - hopefully they can lend some weight to environmentalists demands for more robust climate politics. I have a secret dream that they would actually use their power and refuse to insure companies that work against them - like oil drilling companies. BP would not exist today if Deepwater Horizon had not been insured. On the other hand it is probably a very bad idea to let private companies use political power.
Nonetheless, climate change is now not only a question for environmentalists. It is a new business reality that has officially arrived in Sweden.
