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Swiss Re Warns Europe’s Chronic Heat Risk, Linking It to Wildfire Losses

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Swiss Re Institute says record heat highlights Europe’s chronic warming risk, following Munich Re’s warning about El Niño and global warming. It projects wildfire losses around $42B and warns that hotter, drier weather will keep fire risk elevated. The report also flags higher inflation and weaker power generation as nuclear and hydro face stress, with hot rivers influencing electricity pricing via gas.

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