TV News LIES

Wednesday, Nov 26th

Last update02:34:36 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...


Obama to unveil new limits on ozone pollution in victory for health groups

ozone limitsThe Obama administration will unveil new limits on smog pollution bringing the US up to par...

U.S.-China Climate Agreement Won’t Slow Warming Enough, World Bank Says

Global warmingAn agreement between the U.S. and China to curb greenhouse-gas emissions won’t slow global warming enough...

Anti-Fracking Activist Sandra Steingraber: Why I am in Jail

Sandra SteingraberBreakfast in the Chemung County Jail is served at 5 a.m. This morning—Friday, November 21, 2014—it...

Fracking: The Downside of the Boom

Fracking downsideIn early August 2013, Arlene Skurupey of Blacksburg, Va., got an animated call from the normally...
 
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!