Article ID: ea517cf6e3373855acd46fbb85fb3e9d539f0ea173baad15997a5ecf0050db45
Source ID: secondary:businessinsurance.com
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Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/1-1b-cyclone-damage-exposes-mandatory-insurance-gaps/
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$1.1B cyclone damage exposes mandatory insurance gaps - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers $1.1B cyclone damage exposes mandatory insurance gaps Jul 24, 2026 A cyclone that caused more than 1 billion euros ($1.1 billion) in damage along Sicily’s coast left thousands of insured businesses with little or no compensation amid Italy’s push to expand mandatory natural disaster coverage, AOL reports, citing Reuters. Many discovered that their mandatory policies covered earthquakes, floods and landslides but excluded cyclones, storm surges and business interruption, leaving them to shoulder part of the damage and lost revenue. Read more Related News $1.1B cyclone damage exposes mandatory insurance gaps July 24, 2026 Lloyd’s insurers may cancel cover over Hormuz toll payments July 24, 2026 Red Sea war risk rates triple after Houthi attacks July 24, 2026 Commercial rates decline for eighth straight quarter: Marsh July 24, 2026 Europe’s historic grain production decline costs farmers $2.3B July 24, 2026 Ontario wildfires unlikely to cause major insured losses: Morningstar July 24, 2026 Egyptian insurers’ premium edge higher July 24, 2026 Allianz U.K. expands battery storage underwriting July 24, 2026 Howden expands into Australian aviation insurance July 24, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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