Nationwide Mutual Declines to Cover Fracking
Nationwide
Mutual has become the first insurance company to decline coverage for
claims related to hydraulic fracturing, a controversial energy
production known as “fracking.” In a press statement “FOR IMMEDIATE
RELEASE” posted on its website on 13 July, the Columbus, Ohio firm laid
out in detail the reasons for its decision. “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…Read more...
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