Nationwide Is Not on Your Side – If You Frack for O&G
If you’re a landowner who leases your land for gas drilling, Nationwide Mutual Insurance Company is definitely not on your side (and you may want to consider changing insurers). They announced yesterday they will not cover any damage related to natural gas drilling and fracking. Their denial of coverage will also apply to landowners who lease their land for drilling and make a claim that arises from an issue related to drilling.
Frankly, there’s nothing new about homeowner insurance not covering industrial processes—the drillers have their own insurance accidents and damage. But Nationwide’s statement—and the way they are spinning it—shows hostility to the natural gas industry. That’s why you should dump them.