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2004 Indian Ocean Tsunami

Zurich has unveiled its list of the “Top Ten Megadisasters” of the past decade. The usual suspects pretty much (listed chronologically — not by their “overall business impact,” which is the basis for the list). 1. 9/11 – 2001 2. SARS – 2003 3. 2003 U.S. / Canada power outage – 2003 4. 2004 Indian [...]

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On August 29, 2005, the levees that were supposed to protect New Orleans failed catastrophically. The United States Army Corps of Engineers simply did not do the job it was tasked to do. As such, it was found liable for the flooding in court. “It is the court’s opinion that the negligence of the Corps, [...]

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