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.
Geologic Hazards
Preparing for the Big One: Assessing American Building Codes
Audio files and PowerPoint presentations from an ENR-moderated panel discussion on June 8, 2010 discussing US seismic codes in the context of the observations made from the recent Haiti and Chile earthquakes. The 2010 earthquakes […]
Geologic Hazards
World’s Tallest Tsunami in Lituya Bay, Alaska – 1958
The Lituya Bay Tsunami hit the Gulf of Alaska more than 60 years ago. On July 9, 1958, an earthquake estimated at magnitude 7.7-8.3 triggered a massive landslide or rockslide here, estimated at 40 million […]
Geologic Hazards
Video: Loma Prieta Earthquake, 30 Years Later
October 17, 1989 at around 5 pm, a magnitude 6.9 earthquake known as the Loma Prieta Earthquake struck the San Francisco Bay area causing significant damage and loss of life. Many remember the fact that […]