Cyclone Harry Exposes Flaws in Italy's Mandatory Insurance Plan, Affecting Businesses
Cyclone Harry, which caused over €1 billion in damage along Sicily's coast, has highlighted significant gaps in Italy's mandatory insurance policy for natural disasters. Many businesses discovered that their insurance policies did not cover the specific risks posed by the cyclone, such as storm surges, despite being insured for other natural disasters like earthquakes and floods. This has left numerous businesses, particularly small and medium-sized enterprises, without adequate compensation for their losses. The Italian government had introduced a law requiring businesses to insure their assets, but the cyclone's impact has revealed that the coverage is insufficient for certain types of natural disasters. 
