Wednesday, Nov 25th

Last update04:28:52 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.


Most Recent Related Stories...

2015 set to be hottest year on record, WMO says

hottest year on reconrd - 2015This year is shaping up to be the hottest on record, and 2016 could be even...

Prince Charles: Climate Change Root Cause of Syrian War

Syrian draughtEngland’s Prince Charles told Sky News in an exclusive interview that climate change was a root...

First EPA chief accuses Republicans of ignoring science for political gain

Willlliam RuckelshausThe man considered the father figure of environmental protection in the US has attacked Republicans for...

Half of all tree species in Amazon 'face extinction'

Amazon treesMore than half of all tree species in the Amazon face extinction, warn international scientists.According to...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!