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The $14.6 billion Greater New Orleans Hurricane and Storm Damage Risk Reduction System, aimed at reducing hurricane and storm damage risk in Greater New Orleans that was developed in response to the catastrophic effects of Hurricane Katrina, was more than 97% complete late last year, with the U.S. Army Corps of Engineers hoping to finish the project by the end of June.
In late October, a group of insurance industry executives—and Business Insurance—toured many key features of the new risk reduction system with the corps. View the gallery.