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Flood defences save Hamburg €17.5bn
13 February 2012
Munich Re estimates that investments into flood defences have had a net positive effect of roughly €15bn over the last fifty years.
Defences erected to mitigate floods in the city of Hamburg have saved €17.5bn, according to a study conducted by Munich Re.
The reinsurer conducted the analysis to mark the 50 year anniversary of severe floods in which storms drove the waters of the river...
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