Below Quoted Text via http://www.wnd.com/
"WASHINGTON – Lloyd’s of London, the world’s specialist insurance company providing services to companies in more than 200 countries, has issued a dire warning of the potential consequences of an electromagnetic pulse event from a solar storm, according to report from Joseph Farah’s G2 Bulletin.Below Quoted Text via http://www.lloyds.com/
Lloyd’s study, titled “Solar Storm Risk to the North American Electric Grid,” centered on the highly populated region from New York City to Washington, D.C., but added that other high-risk regions are in the Midwest and in regions along the Gulf Coast.
The fact a major insurance company is looking at the economic consequences of an EMP from a direct solar storm suggests there is increasing concern in the insurance industry that companies may be facing the danger of severe economic losses.
As a major trend setter in the insurance world, Lloyd’s unusual warning about the effects from an EMP could have an impact on insurance company coverage.
“A severe space weather event that causes major disruption to the electric network in the U.S. could have major implications for the insurance industry,” the Lloyd’s study said. “If businesses, public services and households are without power for sustained periods of time, insurers may be exposed to business interruption and other claims.”
Sources suggest insurance companies could begin requiring companies they insure make sufficient efforts to harden their electronics to protect their companies, especially since companies now can collect insurance for work stoppage due to electrical outages.
“A severe space weather event that causes major disruption to the electricity network in North America could have major implications for the insurance industry,” the study said. “The total U.S. population at risk of an extended outage from a Carrington-level storm ranges between 20-40 million with durations up to 1-2 years.”
Some experts suggest an EMP with this catastrophic effect on major U.S. urban centers could, in effect, wipe out city populations because of their dependency on those critical infrastructures that rely on electricity, electronics and automated control systems to exist."
"Lloyd’s recent emerging risks report: Solar storm risk to the North American Grid estimated that a repeat of the Carrington event today could result in between 20-40 million of the US population being at risk of an extended power outage, with durations of 16 days to 1-2 years. Such widespread disruption would have serious implications for business, the wider economy and society in general.
The Lloyd’s report highlighted that the return period for severe solar storms is around 1 in 150 years, so relatively rare but not so improbable to warrant ignoring: especially given the fact that scientists forecast that solar flares and geomagnetic activity will peak in 2015 as the sun reaches its max when solar activity is at its greatest (in accordance with the sun’s 11-year cycle)."
In lieu of crazy horrible things we see that Hollywood and other Media are Hyping it:
Film (2013) The Carrington Event
TV (2012-Current) Revolution
R. William Holzkopf Jr.
P.S. 1623 08/02/13
Below Quoted Text via http://highfrontier.org/maine-leads-the-nation-in-dealing-with-emp/
"AUGUSTA ME—The State of Maine is the first in the nation to mandate a study of electric grid threats from solar storms and man-made electromagnetic pulse (EMP). A bill directing the Maine Public Utilities Commission (PUC) to examine measures to mitigate the effects of geomagnetic disturbances caused by solar storms and nuclear electromagnetic pulse on the state’s electric grid transmission system was recently passed by a unanimous vote of the Maine House of Representatives and a 32-3 vote in the Senate. This new law requires the PUC to identify the most vulnerable components of the State’s transmission system, and also identify potential protective measures, their costs, and probable timeframes to implement."