Swiss homeowners 'should contribute to earthquake insurance'

The Swiss government wants homeowners to shoulder a maximum 0.7% of the cost to insure buildings against severe earthquake damage. The federal government intends to draw up a dispatch by the end of 2024. + Get the most important news from Switzerland in your inbox This would make around CHF22 billion available to cover damage in the event of an earthquake, the Federal Council wrote on Wednesday. + How to protect people from landslides in Switzerland The proposal to make landowners contribute to the costs of covering damage to buildings in the event of an earthquake met with complete rejection from the Swiss People's Party, the Homeowners' Association and the Insurance Association during the consultation process. A majority of the cantons as well as the building insurance companies, the Greens and the mountain regions took a completely different view. However, the Federal Council intends to refrain from enshrining an additional federal competence to protect people and property in ...