ECB proposes EU-wide disaster insurance system
Paris (AFP) Dec 18, 2024
The European Central Bank and the EU's insurance regulator published Wednesday a proposal to create a European-wide system to better respond to the costs of natural catastrophes. Scientists believe that natural disasters will increase in frequency and severity as global temperatures rise, but currently only about a quarter of damages due to natural catastrophes in the EU are covered by an in
The European Central Bank and the EU's insurance regulator published Wednesday a proposal to create a European-wide system to better respond to the costs of natural catastrophes. Scientists believe that natural disasters will increase in frequency and severity as global temperatures rise, but currently only about a quarter of damages due to natural catastrophes in the EU are covered by an in