Tag

Catastrophic Events

All articles tagged with #catastrophic events

real-estate2 years ago•2 min saved

State Farm halts new home insurance policies in California over wildfire risk.

State Farm will no longer accept new applications for home and business insurance in California due to historic increases in construction costs, rapidly growing catastrophe exposure, and a challenging reinsurance market. The new guideline took effect on Saturday and includes all business and personal lines property and casualty insurance. However, it will not impact State Farm's personal auto insurance policies. The company's independent contractor agents will continue to serve current customers who already have property and casualty insurance with the company.

via CBS News|

#california #catastrophic-events #insurance

science2 years ago•3 min saved

New satellite data reveals increased risk of giant asteroids hitting Earth.

NASA's Goddard Space Flight Center chief scientist, James Garvin, believes that the risk of giant asteroids hitting Earth could be worse than current estimates predict. Garvin and his team used a new catalog of high-resolution satellite images to take a closer look at the weathered remains of some of the largest impact craters formed within the last million years, in an effort to better gauge their true size. Based on their analysis, a number of these craters feature faint rings beyond what have typically been considered their outer rims, effectively making them larger than previously presumed. The implications are profound, suggesting kilometer-sized objects are coming down from above every few ten-thousand years.

via ScienceAlert|

#asteroids #catastrophic-events #geological-record