From water worries to well blowouts, the inherent risks of oil and gas extraction are often played down by those in the business. But another group of profit-seekers has every reason to keep a close eye on dangers for drillers: their insurers.
Underwriters now face a politically charged problem in the perceived threats to water supplies of hydraulic fracturing.
Amid litigation and federal probes, insurance companies are left scratching their heads over how to price the risk of the oil and gas production technique now better known as fracking.
The lawsuits and tests so far provide little help. One much-cited case involved Cabot Oil & Gas Co, which settled in late 2010 for $4.1 million with residents of the small Pennsylvania town of Dimock over methane found in their water.
The 2025 Atlantic hurricane season might have at least one more trick up its sleeve.A tropical...
A deadly tornado that tore across North Dakota this summer has been upgraded to an EF-5,...
Thanks to the dire condition of the Earth's coral reefs, the planet has now reached its...
Dr Jane Goodall, who died today at 91, devoted her life to the study and conservation...
