Re: Right and wrong...
Of course there is more being insured and of course there is such a thing as inflation. However, the insurance industry is a bit smarter than the average Register denier, they have been aware of the increasing risks posed by climate change for decades now.
For example: "Munich Re has had climatologists on board since 1974 ..... They have been doing this because it impacts their bottom line. When they began they didn't know whether human activity was the cause of climate change. They only knew that they were witnessing a very suspicious trend in all the accumulated data. What Munich Re can show us is compelling evidence ... of rising insured and uninsured losses from natural disasters going back to 1980 ..... Of course not all these losses are related to climate change. The Fukushima disaster was brought on by an earthquake and subsequent tsunami leading to over $400 billion in total losses in 2011. And the company also acknowledges the rise in the world's population with much of the growth inhabiting low-lying coastal and riverine areas plays a considerable role in these rising losses. But floods, forceful hurricanes and typhoons, droughts, forest and brush fires are on the rise. Data shows that extreme meteorological events which usually ranged between 200 and 600 per year from 1980 to 1996, have risen above 800 five times since 2006. At the same time earthquakes, volcanic eruptions, tsunamis and non-weather catastrophes have actually declined since 2000." - https://www.wfs.org/blogs/len-rosen/reinsurance-business-knows-about-climate-change
* Mutually Insured Destruction - http://www.nytimes.com/2013/09/01/magazine/mutually-insured-destruction.html?_r=0
* No climate-change deniers to be found in the reinsurance business - http://www.theglobeandmail.com/report-on-business/rob-magazine/an-industry-that-has-woken-up-to-climate-change-no-deniers-at-global-resinsurance-giant/article15635331/?page=all
It's not just the gigantic European reinsurers. Here is the President of the Reinsurance Association of America: “The industry is at great financial peril if it does not understand global and regional climate impacts, variability and developing scientific assessment of a changing climate”.
Or you can try Australia: Costs soar for reinsurers - http://www.smh.com.au/business/costs-soar-for-reinsurers-20130217-2el7q.html
Wherever you look, the answers are the same: insurance companies are seeing more climate-related disasters and worse damage from them.