First Insurance Company Refuses to Cover Damages Caused by Fracking

First Insurance Company Refuses to Cover Damages Caused by Fracking by Matt Bewig, July 15, 2012, AllGov.com
The insurance industry–hardly a hotbed of Green activism–has no ideological interest in fracking either way; Nationwide’s opinion that the risks of fracking are real is likely trustworthy because on this issue the company, unlike the energy industry, has no reason to deceive itself or anyone else. Although local and environmental groups welcomed the Nationwide memo, Simon Lomax, a spokesman for the Independent Petroleum Association of America, seemed to take it as a personal insult, writing in an emailed statement that the memo was “reckless” and “it tells me that I won’t be buying home and car insurance from this company.”