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Insurance companies: Climate-related damage shifts to consumers

Extreme weather events are an increasing burden on insurers, who are withdrawing from a growing number of high-risk areas. As a result, the costs of climate-related damage are increasingly being shifted to households, companies and the public sector.

20. January 2026
the consequences of the floods that hit the region of Valencia, Spain, late October 2024
Floods in Spain in 2024: The cost of extreme weather is rising. (European Union, 2024)

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Last updated: 20. January 2026