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Maritime expert Matthew Schanck says that the Italy yacht wreck caused by a waterspout was a "black swan event", describing it as a "high-impact, low-probability event" that happens in every industry. He says a "cautious approach was needed" and not a "knee-jerk reaction from people demanding stricter safety measures" as we "may not see this ever again". Divers on Wednesday pulled four bodies from the wreck and reportedly found a fifth. The 56-metre (185 feet) British-flagged sailing boat had been anchored some 700 metres off Porticello, east of Palermo, when it was struck by a waterspout -- akin to a mini-tornado -- on 19 August. SOUNDBITES