Tag Archives: risk management

No fracking insurance: how long until no pipeline insurance?

What if negative publicity around pipelines gets as big as around fracking? Given the many recent high-profile pipeline accidents, that may already be happening. What happens to pipeline companies’ own insurance then? What happens to your homeowner or farm insurance?

CBS News 13 July 2012, Insurer Won’t Cover Gas Drill Fracking Exposure,

The memo reads: “After months of research and discussion, we have determined that the exposures presented by hydraulic fracturing are too great to ignore. Risks involved with hydraulic fracturing are now prohibited for General Liability, Commercial Auto, Motor Truck Cargo, Auto Physical Damage and Public Auto (insurance) coverage.”

It said “prohibited risks” apply to landowners who lease land for shale gas drilling and contractors involved in fracking operations, including those who haul water to and from drill sites; pipe and lumber haulers; and operators of bulldozers, dump trucks and other vehicles used in drill site preparation.

And it’s not just actual claims: Continue reading No fracking insurance: how long until no pipeline insurance?