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Insurance Companies Limit Coverage Amid Rising Civil Unrest in Overseas Territories

In response to escalating urban violence in overseas territories, insurance firms Groupama and Allianz have announced restrictions on their business coverage in Martinique and Guadeloupe. This decision follows significant financial impacts from riots in New Caledonia. As insurers cease to cover damages related to civil unrest, businesses face increasing difficulties in securing financing. Industry leaders criticize the government’s failure to maintain order, emphasizing the systemic crisis for local enterprises as they navigate the fallout from recent disturbances.

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