Mandatory Insurance for Catastrophe Fund: A World First in Portugal (eco.sapo.pt)

• First mandatory catastrophe insurance scheme for residential properties globally.
• Fund financed through taxes and insurance premiums.
• Solidarity mechanism to protect low-income households.

"Portugal proposes a world-first mandatory natural disaster insurance for homes, backed by a solidarity mechanism. The fund, part of the PTRR resilience plan, aims to ensure universal coverage for seismic and climate events."