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.
Construction crews building a border wall in New Mexico were ordered to stop drilling new wells...
A heatwave scorching the western US region has elevated the risk of hazardous fire conditions particularly...
Three major wildfires burning near Spokane, Washington, caused authorities to declare a state of emergency and...
The sky outside is hazy orange, and my five-year-old son is screaming bloody murder. “Sorry, buddy,...
