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Forest owners prepare for major losses as Sweden faces largest forest fire

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Forest owners are expecting to see large losses after a record-breaking forest-fire affected thousands of hectares of trees in Sweden, Bloomberg reported.

Dry and hot summer has raised the risk of forest fires in the country. Kajsa Svaerd, spokeswoman for the Nordic region's largest property/casualty insurer If, said "we haven't received that many claims so far but expect more during the week."

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