The law applies broadly to businesses across all sectors, provided they meet the revenue threshold. Greece has introduced a new law requiring large businesses to carry insurance coverage against natural disasters, in a sweeping effort to strengthen economic resilience in the face of intensifying climate events. Law 5116/2024, now in effect, makes it mandatory for companies with annual gross revenues over €500,000 to insure key assets against risks such as earthquakes, floods, and wildfires. This move comes as Greece, like many countries, contends with increasingly frequent and destructive weather patterns. The law applies broadly to businesses across all sectors, provided they meet the revenue threshold. Covered assets must include at least 70% of the value of a company's buildings, equipment, raw materials, stored goods, production facilities, and commercial vehicles. Certain exceptions have been outlined. Public entities...