{"id":14399,"date":"2026-01-29T13:58:58","date_gmt":"2026-01-29T11:58:58","guid":{"rendered":"https:\/\/ultimabozza.it\/cyclone-harry-the-insurance-hoax\/"},"modified":"2026-01-29T14:50:39","modified_gmt":"2026-01-29T12:50:39","slug":"cyclone-harry-the-insurance-hoax","status":"publish","type":"post","link":"https:\/\/ultimabozza.it\/en\/cyclone-harry-the-insurance-hoax\/","title":{"rendered":"Cyclone Harry, the insurance hoax"},"content":{"rendered":"\n<p><a href=\"https:\/\/ultimabozza.it\/la-crisi-climatica-ha-aumentato-lintensita-del-ciclone-harry-fino-al-15\/\">Cyclone Harry<\/a> has left behind torn-up roads, flooded factories, shuttered businesses and homes to be evacuated. <strong>Sicily, Calabria and Sardinia<\/strong> are reckoning with <strong>damage estimated at around 1 billion euros<\/strong>. But while mud and debris are being shoveled, the front of<strong> mandatory catastrophe policies<\/strong> is opening. A tool designed to shelter the productive fabric even from climatic shocks but which, when tested, <strong>risks turning out to be a net full of holes<\/strong>.  <\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-l-obbligo-che-non-basta\"><strong>The obligation that is not enough<\/strong><\/h3>\n\n<p>As of March 31, 2025, the so-called <strong>Cat Nat <\/strong>&#8211; compulsory insurance coverage against catastrophic events &#8211; is compulsory for all registered companies, excluding agricultural companies. The rule, introduced in Budget Law 2024, covers earthquakes, floods, landslides, and floods. But <strong>Cyclone Harry does not easily fall into these categories<\/strong>. Heavy rain, extreme winds, storm surges, seawater flooding: phenomena that <strong>do not always fit the definition of &#8220;catastrophic event&#8221; <\/strong>according to the insurance lexicon.   <\/p>\n\n<p>The result is that many regularly insured companies <strong>risk not seeing a euro in compensation<\/strong>, not because of marginal quibbles but because storm surges and water bombs are often explicitly excluded from the scope of policies. A contradiction that weighs especially heavily on coastal areas, now among the most exposed to the effects of the climate crisis. <\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-perizie-definizioni-e-risarcimenti-dimezzati\"><strong>Appraisals, definitions and compensation halved<\/strong><\/h3>\n\n<p>Complicating the picture are<strong> contracts<\/strong>. Some strictly distinguish between flood and storm surge; others cover direct water damage but not indirect damage, such as seepage and backwater. In practice, <strong>the appraisal identifies the &#8220;prevailing&#8221; cause of the damage<\/strong>: if it does not coincide with an insured item, compensation may skip or be drastically reduced.  <\/p>\n\n<p>Here the paradox arises. <strong>Those who have complied with the insurance obligation may be left uncovered<\/strong>. Those who have not done so <strong>risk administrative penalties of between 100 and 500 thousand euros<\/strong> and, above all,<strong> exclusion from public grants<\/strong>, <strong>incentives and emergency relief.<\/strong> A system that really protects no one and that, instead of reducing uncertainty, multiplies it.  <\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-le-imprese-e-la-richiesta-di-una-correzione-urgente\"><strong>Businesses and the call for urgent correction<\/strong><\/h3>\n\n<p>The controversy also erupted after the words of Civil Protection Minister <strong>Nello Musumeci<\/strong>, who recalled the mandatory nature of the policies. <strong>Assoutenti<\/strong> speaks of a tool that is &#8220;still experimental&#8221; and warns that using it to &#8220;discriminate&#8221; access to public aid is &#8220;profoundly wrong,&#8221; especially when the obligation does not correspond to real risk coverage.<\/p>\n\n<p><strong>Confesercenti<\/strong> goes further and calls for immediate intervention in the Milleproroghe decree. &#8220;Beyond the damage, the mockery,&#8221; the association writes, calling for an across-the-board extension until at least June 30, 2026, and a revision of the rule. Today the deadlines are differentiated: some sectors, such as administration and tourist accommodation, have more time, others do not. The risk is unequal treatment among businesses affected by the same event.   <\/p>\n\n<p>In Calabria, where beach facilities on the Ionian coast have suffered damage described as &#8220;very serious,&#8221; Confesercenti is calling for concrete measures: non-repayable contributions, zero-interest loans, moratoriums on mortgages, and simplifications for reconstruction. Demands that tell a simple reality: without consistent rules and adequate coverage, the insurance obligation risks turning into an additional cost, not protection. <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-un-clima-che-cambia-strumenti-che-restano-indietro\"><strong>A changing climate, tools that lag behind<\/strong><\/h2>\n\n<p>Making this system even more fragile is the climatic context in which events such as Cyclone Harry develop. From the perspective of climate physics, explains <strong>Antonello Pasini<\/strong>, a CNR researcher, this is not just an isolated anomaly.<strong>&#8220;Climate change is overcoming classical seasonality<\/strong>: events that should not occur in winter are happening today because it is too warm and snow is giving way to heavy rains.&#8221; In Harry&#8217;s case, attribution studies indicate that the warming of the Mediterranean Sea has helped to strengthen its intensity, making winds significantly stronger than under a &#8220;normal&#8221; climate scenario. <\/p>\n\n<p>Such phenomena when they arrive are more violent because they draw energy from an ever-warming sea. And this is precisely where the short circuit emerges.<strong>&#8220;Insurance companies know the future climate scenarios<\/strong>,&#8221; Pasini tells Ultima Bozza, &#8220;but <strong>entire categories of events<\/strong>, such as storm surges and extreme wind, that are central to the real impacts are <strong>missing<\/strong> from the <strong>coverages<\/strong>.&#8221;<\/p>\n\n<p>The problem, however, goes beyond policies. &#8220;If climate risk management is left to the insurance market alone,&#8221; Pasini warns,<strong>&#8220;the state abdicates its protective role<\/strong>. Without serious adaptation and mitigation policies, <strong>we simply chase damage<\/strong>.&#8221; This is a widespread tendency, he explains, in a policy that looks at the short term and struggles to confront a structural and long-term crisis such as climate.   <\/p>\n\n<p>Cyclone Harry has made clear what the numbers already suggest: increasingly intense extreme events and regulatory and insurance tools designed for a climate that no longer exists. To continue to ignore this gap is to leave businesses and territories alone just when they would most need certainty. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cyclone that hit southern Italy lays bare the paradox of compulsory insurance: those who are insured risk not being compensated, those who are not are excluded from public aid. Confesercenti: &#8220;Beyond the damage, the hoax. &#8220;Climate physicist Antonello Pasini explains: current regulations ignore new extreme events born of too warm a sea<\/p>\n","protected":false},"author":35,"featured_media":14421,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowscnaCw:productID":"","_app_feed_target":"","footnotes":""},"categories":[1597,1783],"tags":[2129,2155,2065],"class_list":["post-14399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-crisis","category-disasters","tag-cyclone","tag-insurance","tag-sicily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyclone Harry, the insurance hoax &#8226; Ultima Bozza<\/title>\n<meta name=\"description\" content=\"The cyclone that hit southern Italy lays bare the paradox of compulsory insurance: those who are insured risk not being compensated, those who are not are excluded from public aid. 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