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المشهد العربي
Europe warns of increasing climate insurance gaps
European insurance companies have issued warnings about the widening coverage gap to address climate risks, as wildfire compensation costs have exceeded $56.3 billion over the past decade, up from $8.7 billion in the previous decade. The current increases are driven by unprecedented heatwaves and fires that have caused significant losses in the energy, real estate, agriculture, and transportation sectors, with damages reaching an estimated €3.5 billion by the end of July — higher than the EU's average annual loss of €2.5 billion.
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