It was hyperbole. The underlying point is that the insurance and re-insurance industry has already factored the risks into pricing and has therefore both changed the horizon of current insurance costs, and forced (maybe the wrong word: encourage, motivated, pushed for) changes in resiliency, mitigation and I believe underwriting/re-insurance by the state:
https://www.standrewslawreview.com/post/the-impact-of-climat...
https://www.scientificamerican.com/article/climate-change-is...
https://www.lse.ac.uk/granthaminstitute/publication/insuring...
https://diginole.lib.fsu.edu/islandora/object/fsu%3A539156
https://www.law.com/dailybusinessreview/2022/08/29/its-a-big...
https://www.aft.org/press-release/new-report-reveals-gov-des...
https://www.flgov.com/2022/12/16/governor-ron-desantis-signs...