President Donald Trump withdrew from the Paris climate agreement last month — a decision I suspect the United States will quickly come to regret.

The Paris agreement reaffirmed a goal of limiting the global temperature increase below 2 degrees Celsius and committed countries to develop plans to reduce greenhouse gas emissions and regularly report on their progress. The United States, under former President Barack Obama, was one of 195 countries signing on to the agreement. But President Trump’s decision to withdraw will allow countries such as China and India to further shape a global agreement that will dramatically impact the United States regardless of its lack of participation.

The backlash to the president’s decision in much of the business community and at the state and local levels was swift and unmistakable. But there was a critical voice that was missing: the U.S. insurance sector.

Perhaps it is a fear of offending customers who reject either the very idea of climate change or the fact that human behavior is a significant contributor to global warming that has kept domestic insurers, and even the trade associations that normally speak for them on political issues, mostly on the sidelines.

But that silence works against them because they are abdicating an opportunity to play a constructive role in addressing a serious threat to their own profitability, as the natural catastrophes that they are financially responsible for will only get worse without timely intervention.

Their European reinsurance counterparts are not nearly as skittish, with officials from Munich Reinsurance America Inc. and Swiss Re Ltd. denouncing the president’s decision to withdraw. They should be commended for their willingness to publicly oppose an action they know will keep the United States from being a critical player in addressing what their own research tells them is a real threat to human life and property.

Insurers are going to have to deal with the climate issue some way or the other. California Insurance Commissioner Dave Jones launched the Climate Risk Carbon Initiative in January 2016 to require insurers with $100 million in annual premiums doing business in California to disclose investments in fossil fuels and asked all insurers operating in the state to divest investments in thermal coal. He recently vowed to continue this initiative despite a threat of legal action by Republican officials in 13 states, predominantly those with major oil, gas and coal interests. As Mr. Jones stated in his response, there is overwhelming scientific evidence that climate change is real and should not be ignored.

The 2004 disaster movie “The Day After Tomorrow” depicted the consequences of failing to heed warnings on climate change, including devastating catastrophes in areas of the United States where they are least expected. While the movie significantly exaggerates the time frame of these events for dramatic purposes, two key elements ring true: that human behavior is contributing to a changing climate and that those in power who can act to prevent catastrophic climate change often ignore the scientific warnings until it’s too late.

President Trump has failed to heed these warnings. It’s time for others to step up.