TV News LIES

Wednesday, Oct 18th

Last update05:20:13 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...


Warning of 'ecological Armageddon' after dramatic plunge in insect numbers

Ecological armageddon warned because of lower insect numbersThe abundance of flying insects has plunged by three-quarters over the past 25 years, according to...

New airplane biofuels plan would 'destroy rainforests', warn campaigners

Airplane biofuels destroying rain forests A new plan to accelerate production of biofuels for passenger planes has drawn stinging criticism from...

California wildfire death toll rises to 35, earthquake hits Mendocino County

California fire deaths reach 35At least 35 people have been killed and hundreds more remain missing as multiple wildfires continue...

Hospital, homes, resort evacuated amid scorching California fires in wine country

California forest fires Wind-whipped fires sweeping across California's wine country Monday burned homes and forced evacuation of communities, a hospital and...
 
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!