The article discusses the growing financial risks posed by climate change, particularly extreme heatwaves and wildfires, which are increasingly affecting European households and businesses. Insurance companies are responding by raising premiums and, in some cases, withdrawing coverage from high-risk areas. The situation has become especially acute this summer, with large-scale wildfires in countries like France, Spain, Greece, and Slovenia leading to evacuations and significant economic damage. According to reports, natural disasters linked to climate change caused over €200 billion in economic losses across the EU between 2021 and 2024. In Spain, insurance premiums for tourism-related businesses have risen by 15% annually over the past five years due to wildfire risks, while property insurance costs along Italy’s coast increased by 25% due to more frequent storms and floods. In France, home insurance premiums rose by 7.8% in 2025, with coverage for climate-related incidents (excluding wildfires) increasing by 66%. While most French residents can still obtain housing insurance, some regions are experiencing difficulties in securing coverage. Experts warn that if current trends in保费
Bias read (Center): The article presents factual data and quotes from various experts and organizations without overtly favoring any particular political stance. It focuses on the economic and environmental impacts of climate change on insurance sectors and does not exhibit clear ideological bias.
