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.
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What Would a Large Earthquake Do to Downtown L.A.?
From the USGS Newsroom:
USGS scientist Ken Hudnut fills us in on how science created the theoretical magnitude 7.8 earthquake behind the Great Southern California ShakeOut—the largest earthquake preparedness drill in U.S. history, coming Nov. 13—and what such an earthquake would do to downtown Los Angeles.
Seems like they did it right wiith this study. They had multiple teams independenlty come up with the ground shaking model, then had different structural engineers who are experts in seismic design of large buildings review the tall buildings in the L.A. area for the design earthquake. They say that buildings would likely come down in the 7.8 magnitude event. Click through to watch the video interview from the USGS.
