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FR
Europe’s wildfires expose huge coverage gaps
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Business Insurance
Europe’s wildfires expose huge coverage gapsEurope’s record wildfire season is raising concerns about insurance costs and the widening gap between coverage and climate-related risks, Energy News reports, citing Reuters.
France’s total losses could reach between 10 billion and 15 billion euros ($11.5 billion and $17.3 billion), but wildfires are excluded from the state-backed natural disaster compensation program, according to Canada-based Morningstar DBRS.