TV News LIES

Friday, Nov 24th

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...


Keystone XL pipeline wins green light in Nebraska

Keystone pipeline approved in NebraskaNebraska regulators approved the Keystone XL pipeline Monday, clearing the last big regulatory hurdle for the...

Keystone pipeline shut down after leaking 210,000 gallons of oil in South Dakota

Keystone pipeline leaks 210,000 of ooil in South Dakota TransCanada Corp.'s Keystone pipeline leaked an estimated 210,000 gallons of oil in northeastern South Dakota, the...

Trump's elephant trophy reversal comes as a surprise to administration employees, interest groups

Trump faced public and political pressure over rescinding elephant trophy banPresident Donald Trump's move late Friday night to postpone a decision to allow the import of...

NASA considers which cities will flood as ice sheets melts

NASA : NYC first to flood as Antarctic ice sheets meltAs ice sheets on Greenland and Antartica melt, which cities are most liable to flood? NASA...
 
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!