An estimated 2 million cubic metres of timber to a value of SEK 600 million has burned in the forest fires sweeping across, according to Swedish Forest Agency (Skogstyrelsen). Länsförsäkringar, which insures around 8 million hectares of forest in Sweden, as well as many properties in the affected areas, expects to pay record-breaking claims.
The Västmanland wildfire of 2014 – Sweden’s most expensive fire to date – cost the insurer some SEK 400 million. The cost to the Swedish economy was estimated at SEK 1 billion.
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