South Iceland earthquake compensation

The Arborg municipality has been awarded ISK 392 million (USD 3 million) in compensation for the large earthquake in spring 2008.

The earthquake in spring 2008 measured 6.3 on the Richter scale and caused extensive damage, although no serious injury or loss of human life.

ISK 270 million comes from infrastructure insurance to compensate the municipality for repairs to property, sewers and hot and cold water mains. ISK 100 million comes from the central government and some ISK 30 million from the civil emergencies fund.

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Source: IceNews, Daily news from Iceland