And if climate change continues the course... does not bode well current society. Doomsday scenarios are always painted with grand events. With this homogeneity a mid size event could cause a economic domino effect.
The risk models are updated with new science and current risk data on a regular basis, but yes, climate risk is a worry to the industry. The models do allow for climate risk scenarios e.g. by tweaking the frequency/severity of land-falling hurricanes/cyclones etc.