[The EU will establish a "Climate Insurance Alliance" to deal with extreme weather] September 17th, European Commission President von der Leyen said on the 16th that the EU will establish a "Climate Insurance Alliance" to respond to increasingly frequent extreme weather events and improve insurance coverage for climate disasters. This summer, many places in Europe experienced droughts, wildfires and multiple rounds of heat waves, causing casualties and property damage. Currently, only a quarter of climate-related economic losses in the EU are covered by insurance. New insurance plans will attempt to address this issue. In addition, the EU will also improve the early warning system for high temperature weather and strengthen drought risk management.