Climate disasters push EU states into role of insurer of last resort

Published 14:12 on June 16, 2026 / Last updated at 14:12 on June 16, 2026 / / EMEA (Europe), Net Zero Transition (Investment, Reporting & Disclosure)

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Europe’s governments face mounting fiscal risks from climate disasters as extreme weather becomes more frequent and severe, with public budgets increasingly filling the gap left by inadequate insurance coverage, a report warned on Tuesday.
Europe’s governments face mounting fiscal risks from climate disasters as extreme weather becomes more frequent and severe, with public budgets increasingly filling the gap left by inadequate insurance coverage, a report warned on Tuesday.


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