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
Anniversary of Loma Prieta Earthquake – USGS Warns of Hayward Fault
October 17 was the 18th anniversary of the 6.9 magnitude Loma Prieta earthquake that struck the Bay area. But a recent story by the Bay Area’s local ABC affiliate, ABC7, chose to focus on another earthquake, a 1868 earthquake of about the same magnitude that occurred on the Hayward Fault. According to the USGS, the Hayward Fault has a return period of about 140-years and "It’s the most heavily urbanized fault in the U.S. and it’s just waiting to go off…" Next year will be the 140-th anniversary of the last earthquake on the Hayward Fault. At some point it has the potential to be a very bad earthquake there. More after the break. (Photo by sanbeiji)
Geologic Hazards
Underwater landslide may have doubled 2011 Japanese tsunami
A seismologist at the University of Tokyo believes that the monstrous tsunami that was responsible for so much damage and loss of life during the 2011 Fukushima earthquake may have been a result of a […]
Geologic Hazards
Chile Earthquake 2010 – Magnitude 8.8
A magnitude 8.8 earthquake struck Chile on Saturday, centered about 200 miles southwest of the capital, Santiago and 70 miles north-northeast of Concepcion, one of the worst hit areas. According to the USGS event page, […]