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An upcoming cycle of stormy solar activity risks causing damage to electrical transformers and threatening vulnerable energy infrastructure around the globe, a report by an insurance group says.

As if there isn't enough to worry about what's happening on Earth, scientists are warning against space weather. Solar storms, they say, could wreak havoc on the electric-power supply, triggering losses from business interruption and damaged physical assets.

With modern societys ubiquitous reliance on the electrical grid, space weathersuch as a severe solar stormcan wreak havoc on the electric-power supply and trigger losses from business interruption and damaged physical assets.

With modern society's ubiquitous reliance on the electrical grid, a severe solar storm can wreak havoc on the electric power supply and trigger losses from business interruption and damaged physical assets.

A.M. Best Co. has placed the ratings of Intact Insurance Group and AXA Assurances Inc.--the Quebec-based subsidiary of Paris-based AXA Group--under review following the announcement that Intact will acquire AXA Canada Inc.

Paris, France-based AXA says it will sell its Canadian property and casualty and life and savings insurance operations to Toronto-based Intact Financial Corp. for CAD 2.6 billion ($2.7 billion at the current exchange rate).

Insurers have been stuck with the label "data rich, information poor."

A magnitude 5.0 earthquake struck near the Ontario-Quebec border region in Canada, about 33 miles north/northeast of Ottawa, according to the U.S. Geological Survey (USGS).