Allstate Insurance company will no longer be underwriting houses effective in July. No changes will occur for existing customers. The move is supposedly to "limit its exposure to catastrophe" such as earthquakes. Allstate has also trimmed coastal exposure in other states that are prone to natural catastrophes. Allstate has also stopped writing new homeowners policies in Connecticut, Delaware, Florida and New Jersey as well as in eight coastal New York counties. Source: CBS5.com.
Project Related
Audit: Federal agency failed in oversight of port expansion in Anchorage
The U.S. Department of Transportation Inspector General released a scathing audit report on the troubled Port of Anchorage expansion project and the obscure federal agency that was supposed to be overseeing it, the Maritime Administration […]
Geologic Hazards
Study: Port of Anchorage replacement vulnerable to liquefaction in earthquake
A recent study concluded that three of four recently constructed segments of a new port facility in Anchorage, Alaska were not constructed correctly and even if they were, are vulnerable to liquefaction related damage during […]
Geologic Hazards
Christchurch Earthquake – 10th Anniversary
On February 22, 2011, at 12:46 pm local time, a 7.1 moment magnitude earthquake struck Christchurch, New Zealand, killing 185 people. This week, memorial activities were held to honor the victims. Radio New Zealand has […]