Italy floods News

Disaster Insurance Set to Test Italy’s Business Backbone in 2025

Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …

Italy to Require Companies Buy Insurance for Climate Risks

Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming. It’s the latest sign of Europe’s rising anxiety about climate …

North-Central Italy Sees Floods, Road Closures After Heavy Rains

Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to close some expressways. Severe flooding was seen in the region of Emilia Romagna on Sunday. One person was reported missing, …

Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters

Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only was much of his property washed away, but he also discovered his insurance cover excluded …

Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists

A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said Wednesday that climate change doesn’t seem to be to blame for the intense rainfall. Using computer simulations and past observations, …

Italian Insurer Unipol and SpaceX Join Forces to Help People Hit by Flooding

Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential rains devastated the eastern side of the …

Fruit Harvest Faces Ruin After Floods Hit Italy’s Emilia-Romagna

Deadly floods in northern Italy will ravage fruit production in what is normally one of the country’s most bountiful agricultural regions, farm lobby Coldiretti said on Monday. Floods killed 14 people last week in Emilia-Romagna as torrential rain caused more …

Worsening Off-Season Floods in Venice Trigger Fears About Climate Change Impact

VENICE, Italy (AP) – After Venice suffered the second-worst flood in its history in November 2019, it was inundated with four more exceptional tides within six weeks, shocking Venetians and triggering fears about the worsening impact of climate change. The …

Venice Floods to Cost St. Mark’s Cathedral at Least $5.5 Million in Damage

“Every stone is a treasure,” says the technical director of St. Mark’s Basilica’s vestry board, indicating the prized gold-leaf mosaics overhead, the inlaid stone pavement and the marble clad walls of the 923-year-old masterpiece. And many are vulnerable to the …

Venice Hotels Suffer Nearly $34M in Damages from November’s Floods

Venice’s hoteliers association estimates that the city’s hotels suffered about 30 million euros ($34 million) worth of structural damage during November’s floods. The overall losses, though, are higher after adding in the lower revenues that local hotels have reported in …