COPENHAGEN, Denmark (AP) – A landslide that worn out properties in a residential space north of the Norwegian capital will price insurance coverage firms no less than 900 million kronor ($ 107 million), a monetary physique stated Thursday. .
Seven folks had been killed and three are nonetheless lacking after the landslide in Ask, a village of 5,000 folks positioned 25 kilometers (16 miles) northeast of Oslo, on December 30. It was one of many worst in trendy Norwegian historical past.
Finance Norway, which represents 240 finance firms, stated it was solely a preliminary estimate.
“The estimate of compensation will change after we be taught extra in regards to the extent of the harm,” stated spokeswoman Stine Neverdal.
He stated many homes within the space have been broken or razed, and it’s at the moment unclear which elements of the realm affected by the landslide will likely be declared uninhabitable by the municipality. As well as, there may be harm to different bigger buildings within the space, Neverdal stated.
On Tuesday, Norwegian authorities stated that they had given up hope of discovering survivors.
The precise reason behind the landslide just isn’t but recognized, however the space has a whole lot of quick clay, which might shortly change from a stable to a liquid kind when disturbed. Specialists stated the clay, mixed with extreme rainfall and a moist winter local weather, might have contributed to the landslide.