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New Swiss Re report assesses smart solutions for the public sector

Recent natural disasters show the cost of these events in terms of lives and more. Swiss Re’s new publication Disaster risk financing: Smart solutions for the public sector highlights tools governments and other organisations can use to protect not just communities, but the people who live in them, before a catastrophe strikes. Experts are calling it a “once-in-a-thousand-year” flood. But the citizens of the US state of South Carolina are calling it something else: a disaster.

According to reports as of this writing, 11 lives have been lost in some of the worst flooding that has hit the state in recent history. “This is dangerous. This is very real,” Governor Nikki Haley told reporters at a news conference last week. What’s real in South Carolina is also real in the south of France. Provence also experienced flash flooding on 3 October that left 16 people dead and massive damage. Reports say that over 17 cm of rain fell in two hours.