Saturday, November 1, 2025

Swiss Re chief urges ‘threat transformation’ as Hurricane Melissa offers pricey influence

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Rising prices, widening safety hole within the highlight after Hurricane Melissa’s wrath

Berger cited the transformation of New Orleans following Hurricane Katrina in 2005 as a landmark instance. The US authorities invested $14.6 billion in levees, pumps, and flood partitions, alongside stronger land-use and constructing codes. When Hurricane Ida struck in 2021, the system “handed its first main check,” stopping catastrophic flooding, he stated.



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