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.
Graduate student Saman Zarnani and Dr. Richard Bathurst of the Royal Military College have developed a new application for geofoam and geosynthetics, to mitigate earthquake damage by improving the foundation subgrade. Initial shake table testing […]