Garrett County and Natural Gas - Risks and Benefits

A selection of categorized links to allow one to assess the risks and benefits of gas development in Garrett Conty.

Garrett County Montage

Insurance

Many reports are coming forward of property that becomes uninsurable because the property houses certain functions associated with gas development, or they are too near sites that have wells. These are links discussing the issues.

- 1513 - [March 20, 2015] - Farmers Guardian, Ben Briggs - "NFU Mutual clarifies its position on fracking insurance"
"NFU Mutual has sought to clarify its stance on insurance related to fracking after accusations on social media it would not pay out for incidents related to the controversial gas extraction process.
A flurry of activity on Twitter claimed the insurer had removed coverage for fracking-related damage from its policies.
A Tweet from Jamie Kelsey-Fry said: “New exclusion added to farmers’ insurance policies @NFU mutual will not cover #fracking.”
But the insurer hit back.
It said a farm not involved in fracking but which suffered damage as a result of the process, for example shale gas extraction on a neighbouring property caused building subsidence, would be covered. So too would other rural properties in the area who insured with it.
However, any farmer who had chosen to make a commercial decision to be involved in fracking would not be covered for damage incurred as a result of the process."
- 1524 - [March 20, 2015] - Nationwide, Nationwide - "Nationwide Statement Regarding Concerns About Hydraulic Fracturing"
"Nationwide issued the following statement today regarding insurance coverage concerns related to hydraulic fracturing, better known as “fracking”.
Gas and oil drilling has been going on in this country for many years in the west and southwest. Fracking is another variation of the gas and oil business. In recent years, oil and gas exploration has come to New York, Pennsylvania and Ohio.
Nationwide has not changed our policies or guidelines, nor are we cancelling policies. Fracking-related losses have never been a covered loss under personal or commercial lines policies.
Nationwide's personal and commercial lines insurance policies were not designed to provide coverage for any fracking-related risks."