Natural damage costs Norway over 3.2 bln USD since 2008: report

Source: Xinhua| 2019-10-11 03:16:04|Editor: yan
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OSLO, Oct. 10 (Xinhua) -- Climate and weather-related damage has cost Norway over 30 billion kroner (3.2 billion U.S. dollars) since 2008, news agency NTB reported Thursday.

The news agency quoted a recent report made by Finance Norway, a financial industry organization. The report went back to 1980s and showed that six of the ten worst years with natural damage have occurred over the past eight years.

The worst year was 2011 with damage worth almost 3 billion kroner, the report said.

"The figures show that natural damage is occurring more often than before and is affecting more people," said Hege Hodnesdal, head of non-life insurance in Finance Norway.

By definition, the natural damage refers to destruction directly caused by landslides, storms, storm floods, floods, earthquakes or volcanic eruptions, according to Finance Norway.

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