Bloomberg News

Norway Insurers Receive 2,700 Claims After Dagmar Storm

December 29, 2011

Dec. 28 (Bloomberg) -- Norwegian insurance companies have received 2,700 claims following storm Dagmar that swept in over Norway over the Christmas holiday and thousands more are expected, a trade group for insurers said.

Claims have reached 162 million kroner ($27 million) and are expected to exceed the 275 million kroner paid out after storm Berit, Tonje Westby, a spokeswoman for Finance Norway, which manages tracking damage from natural disasters, said in a statement yesterday. Storm-related claims will probably exceed 1 billion kroner this year, the most since 1995, she said.

“Currently we have no overview of the damage,” Westby said. “It’ll take time before all building damages can be inspected and assessed. It’s therefore impossible to estimate the total amount of damages at this point.”

Dagmar lashed the Nordic countries with Hurricane-strength winds, cutting power, damaging buildings, shutting roads and halting trains. Norway’s grid operator Statnett AS said late yesterday that about 15,000 homes were still without power.

The highest average wind measured in Norway on Dec. 26 was 44.6 meters per second (100 miles per hour), with gusts reaching 64.7 meters per second, Norway’s Meteorological Institute said.

--Editor: Jonas Bergman

To contact the reporter on this story: Meera Bhatia in Oslo at mbhatia2@bloomberg.net.

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net


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