Overview

• The French government has officially launched 'CollectivAssur,' a specialized support cell for municipalities facing insurance challenges, managed under the insurance mediator Arnaud Chneiweiss.
• A charter was signed by the state, insurers, and local officials, committing to collaborative efforts to address the insurance crisis affecting nearly 1,500 municipalities.
• Regulatory reforms, including amendments to the insurance code and new public tender directives, are being introduced to counter skyrocketing premiums and franchise costs.
• Prime Minister François Bayrou emphasized the goal of restoring normalcy to the municipal insurance market, ensuring local governments receive adequate support and solutions.
• The crisis has been exacerbated by decades of rising costs, with some municipalities reporting franchise increases of up to fivefold, leaving them financially strained and uninsured.