Europe Heatwaves Could Turn Into a 'Big Economic Challenge' as Wildfires Spread, Analysts Warn— Insurers Brace for Impact

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France, Spain and Greece battled major wildfires as extreme heat, dry conditions and strong winds fueled blazes across Europe.

The wildfires have forced more than 220,000 evacuations in France and over 75,000 evacuations in Spain, with another 30,000 people sheltering in place. Spain has recorded more than 150,000 hectares burned this year, while France has seen 98,000 hectares burned.