TV News LIES

Wednesday, Jul 30th

Last update02:54:08 AM GMT

You are here News Environment US insurer won't cover gas drill fracking exposure

US insurer won't cover gas drill fracking exposure

E-mail Print PDF

US Mutual will not unsure frackingNationwide Mutual Insurance Co. has become the first major insurance company to say it won't cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground.

The Columbus, Ohio-based company's personal and commercial policies "were not designed to cover" risk from the drilling process, called hydraulic fracturing, or fracking, Nationwide spokeswoman Nancy Smeltzer said Thursday.

The process injects chemically treated water into wells to fracture shale thousands of feet underground and release trapped gas or oil. There are rich shale deposits in parts of Pennsylvania, New York, Ohio, West Virginia and elsewhere.

Health and environmental groups claim fracking can contaminate drinking water. The gas industry says it's safe if done properly. Nationwide said risks involved in fracking operations "are too great to ignore" and apply to policies of commercial contractors and landowners who lease property to gas companies.

The Nationwide policy first came to light when an internal memo detailing underwriting guidelines was posted on websites of upstate New York anti-fracking groups and landowner coalitions seeking gas leases. Smeltzer confirmed that the memo was genuine but said it wasn't intended for public dissemination.

More...


Most Recent Related Stories...


White House climate change report: Act now, or pay later

climate change The longer the world waits to act on climate change, the more costly it will be...

Fracking 'a huge load of hype', say Friends of the Earth

Fracking hypeThe government claims that tight restrictions in the new licences that have been made available to...

Widely Used Insecticides Are Leaching Into Midwest Rivers

Insecticides leeching into midwest riversA class of insecticides called neonicotinoids, which are used on a lot of big corn and...

UK to accept bids for oil and gas exploration after fracking caused earthquakes

UK to allow frackingThe British government said Monday that energy companies will be able to bid for licenses to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!