Only A Matter Of Time — Prepare For Geomagnetic Storms

Law360, New York (February 21, 2013, 1:16 PM EST) -- 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 increasingly vulnerable to widespread, prolonged power disruptions and outages caused by geomagnetic storms.

While strong storms have occurred in recent history, for several decades, Earth has been spared from extreme space weather events like those of 1859 and 1921. Yet, even weaker geomagnetic storms are causing attritional losses to utility infrastructure, and utility operators are regularly compelled to take protective...
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