The dramatic collapse of Switzerland's Birch glacier, which wiped out a village, is an unprecedented disaster likely to cost hundreds of millions of dollars, the Swiss Insurance Association (SIA) said on Monday.

A devastating landslide, triggered by the Birch Glacier collapse, buried Blatten, Switzerland, prompting evacuations but leaving one missing. The disa

Villagers lost their entire livelihood within minutes. One former resident lost their wooden family house built in 1654. Meanwhile the Swiss Army is on standby for further assistance.