This is an excerpt of the Sustainable Switch Climate Focus newsletter, where we make sense of companies and governments grappling with climate change on Fridays.

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 said Monday.

The Birch Glacier above the village of Blatten collapsed and caused a landslide that has buried most of the village. Authorities had evacuated residents earlier this month, but one person is missing.