It doesn't just cause radio blackouts as they say in the article. For us hams it's actually great because the charged atmosphere acts like a mirror and we can bounce signals all over the earth.
But for satellites this is really bad news.
But for satellites this is really bad news.
https://agupubs.onlinelibrary.wiley.com/doi/full/10.1029/202...
They probably do have third party insurance though for debris hitting earth I guess.