LONDON — “Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd’s of London said. Commercial insurance market Lloyd’s has said insurers worldwide will pay out more than …
The daily U.S. economic cost from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study. Previous studies have …
A strong solar flare is blasting its way to Earth, but the worst of its power looks like it will barely skim above the planet and not cause many problems. It has been several years since Earth has had a …
The delicate threads that hold modern life together are dramatically cut by an unexpected threat from outer space, with disastrous effects. It’s the stuff of science fiction usually associated with tales of rogue asteroids on a collision course with earth. …
Space weather officials say the strongest solar storm in more than six years is bombarding Earth with radiation with more to come. The radiation is mostly an issue for satellite disruptions and astronauts in space. It can cause communication problems …