TV News LIES

Friday, Apr 25th

Last update09:13:54 PM 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...


Manager at Japan's Fukushima plant admits radioactive water "embarrassing"

FukushimaThe manager of the Fukushima nuclear power plant admits to embarrassment that repeated efforts have failed...

Top court declines Exxon's appeal in NYC water pollution case

exxon fine upheldThe Supreme Court on Monday declined to review a ruling against Exxon Mobil Corp that ordered...

It's Earth Day today: Get your green on

Earth Day 2014Today's Google Doodle is home to a hummingbird, a puffer fish, a dung beetle and a...

Corn biofuels worse than gasoline on global warming in short term – study

Corn biofuelsBiofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming...
 
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!