Government Receives Plans for New Disaster Insurance
Portugal’s Insurance Authority has proposed a new fund for dealing with natural disasters. The government is working to prepare for future events. Insurance companies are watching the government’s response to recent damage.
The Insurance Authority presented a draft law to the Ministry of Finance. The law creates a fund to help with earthquakes and floods. This is to improve how Portugal deals with natural disasters. After a week of bad weather, the government wants to know how much damage there is. The president wants to talk to experts about wildfires. The government is speeding up support and planning.
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Highlights
Draft Law Created
The Insurance Authority gave the government a draft law.
New Fund for Disasters
The law creates a fund for earthquakes and floods.
Insurance Monitors Government
The insurance company will watch the government’s response.
Government Wants Report
The president wants a report on the storm’s damage.
Plans for Wildfires Speed Up
The government is speeding up support and planning.