The title for greatest reaper of catastrophe losses in the United States does not go to the hurricane, blizzard or ice storm but to the much more common thunderstorm. Thunderstorms don’t get cute names from The Weather...more
On May 14, 2015, the Federal Energy Regulatory Commission (FERC) proposed the approval of a new reliability standard to address susceptibility of electric transmission systems to the effect of geomagnetic disturbances (GMDs)....more
Originally published in Insurance Law360 on February 21, 2013. Geomagnetic storms present a unique risk to power grids, power grid customers and insurers. The modern world, and particularly the East Coast of the U.S., is...more