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.
Failures
27 Years Ago: Bizarre Drilling Disaster at Lake Peigneur
I thought the 17 27 year anniversary of this unique geological disaster was occasion enough for another look. On November 21, 1980 a Texaco oil rig was drilling an oil exploration well from Lake Peigneur in Southern Louisiana when the drill stem punched into the third level of the nearby Diamond Crystal Salt Company as a result of a miscalculation (understatement!). The lake, approximately 2.5 BILLION gallons, drained into the mine taking the drilling platform with it and another 11 barges, trees, and some of the surrounding terrain. As if that weren’t enough, the Delcambre Canal which normally flows from the lake into Vermillion Bay actually reversed flow for several days and filled the mine and the lake with salt water. It also temporarily created Louisiana’s tallest waterfall at 164-ft (see photo at left). Read on for more info, video, maps, and links.
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 […]
Geologic Hazards
Alaskan megathrust fault more active under Kodiak
The 1964 Alaska Earthquake was 9.2 in magnitude and caused dramatic destruction and dramatic examples of surface rupture, subsidence, and liquefaction. New paleoseismic evidence points to a previously unknown earthquake that happened on the same […]