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Europe faces widening wildfire protection gap as costs rise

Insurers warn disaster recovery costs are growing faster than available wildfire insurance coverage across Europe.

Reported · Written up by our desk · Property Insurance

CNBC World reports that wildfire losses are increasing in Europe, but much of the damage is not being covered by insurance.

Insurers say the region is experiencing a wildfire protection gap, where available coverage does not keep pace with disaster recovery costs.

The warning points to a broader mismatch between the scale of wildfire impacts and the level of wildfire insurance protection available to property owners.

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