Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months.
Grindavik has been subject to repeated seismic activity since the end of 2023, and while no more than a handful of houses have been destroyed by lava flows, some 3,700 inhabitants who have evacuated can’t return due to the risk of further eruptions.
To compensate for the loss of their homes, the government has proposed to pay 95% of the insurance value of all residential housing in the town, ...
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