Keith Nuthall
INSURANCE companies will be able to reduce their exposure to natural and technological disasters within the European Union and eastern Europe in the future, assuming EU ministers agree plans to establish a central contingency emergency aid fund commanding between Euro 500,000 and Euro 1 billion; it would be raided by Member States and eastern European countries wanting to join the EU that fall victim to such disasters.

The proposal from the European Commission has been prompted by this summer's floods, which especially devastated ...

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