7/16/2012

Insurance memo on fracking rankles drilling industry

Nationwide might be on your side, but it might not pay off if you think you've been harmed by gas well fracking.

That's not new. It never has.

What is new, is that someone posted an internal Nationwide Insurance underwriting document on Facebook.

It said, "After months of research and discussion, we have determined that the exposures presented by hydraulic fracturing are too great to ignore."

That hit a nerve in the pro-drilling camp.

"The first people who pick up on it are anti-drilling activists," said Steve Everley with Energy In Depth, a drilling industry education association. "It's not the public. Not the press releases. Not anything like that. It's anti-drilling activists that come up with it. So did they send that to them? We don't really know."

(Click to read the entire article)

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