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Severe flooding costing Norway big time

Monday, 13 June 2011
Heavy rain and melting snow have led to severe flooding in central Norway. The cost of damage is estimated at around €25 million.

The flooding which has hit more the areas of �stlandet and the central part of the country has been most devastating and has been described as the most devastating natural disaster in the country since 1995. Even some parts of south eastern Norway has also been hit by floods.

The financial industry's organization, FNO has estimated the damage to houses and other private property, according to reports from the media network NRK and the damage to be compensated could range from more than EUR 1.6 billion.
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All Norwegian buildings that are insured against fire are also automatically insured against flood and other natural disasters. The scheme is statutory and the premium is identical, about €50 per year, regardless of whether the building is in the affected area or, for example, in the capital Oslo, where the damage of this kind are rare.


Also, public infrastructures such as roads and railways have been damaged in the floods. A couple of hundred people were evacuated late last week.
Norwegian authorities expect that the flooding which followed heavy rains has now peaked.
By Scancomark.se Team

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Key Norwagian Facts
Official Name Kingdom of Denmark
King Harald V
Prime minister Jens Stoltenberg
Population 4.7 Million
Capital City Oslo
Monetary Unit Norwagian Kroner (NOK)
  1 NOK = 100 ore
Domain Name .no
Int. Dialling Code +47
Official Language Norwagian
Religion Christianity
Main stock market Name Oslo B�rs
Internet Speed 4.2 Mbps (2009)
Vital Links
Statistics Norway
Government and Ministry
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