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ECB proposes EU scheme to expand climate insurance uptake

Summary by WTVB
By Simon Jessop, Kate Abnett and Virginia Furness LONDON/BRUSSELS (Reuters) – Europe’s businesses and homes need to increase their insurance cover to better withstand climate catastrophes, the European Central Bank and the EU’s insurance regulator said on Wednesday as they proposed policies that could boost uptake. With just a quarter of natural catastrophe losses currently insured and the gap set to widen as climate change makes disasters m…
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