Insurance Post

Increasing threat posed by solar flares

Light bulb with grid in background

Power and utility underwriters may be unaware of the extent of the threat of major solar flares to the world's electrical generation infrastructure, space weather specialists told the London Power Forum last week.

Jason Reeves from US law firm Zelle, Hofmann, Voelbel & Mason said that underwriters' current wordings are inadequate as far as damage resulting from the geomagnetic-induced currents created by a

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