2024-10-25 16:19:00
DESCRIBED – An observatory will be established on the presence of insurers in the most exposed areas. The allocation of the Barnier fund, which finances prevention, will be increased to 300 million euros, compared to the current 225 million.
This is one of the 51 highly anticipated measures of France‘s adaptation plan to climate change presented on Friday by Prime Minister Michel Barnier: « Maintain the possibility for everyone to insure against natural risks. » The topic is delicate. As climate risks multiply, increasing the frequency and cost of claims, insurers risk refusing to cover buildings most exposed to storms and other floods. This trend, already underway in some regions of the world, such as California or Florida, is also spreading to France. In overseas territories, regularly hit by hurricanes, there are fewer and fewer insurers. And this phenomenon is starting to emerge in some metropolitan areas.
« A system will be established to encourage insurers to keep affordable insurance provision available across the country and not to neglect…
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