Nationwide Insurance Clarifies Coverage Of Damage by Fracking in Standard Policies

摘要

Nationwide Insurance Co. does not cover damage from hydraulic fracturing in its standard homeowners' policies, and never has, a company official told BNA July 16. The company felt a need to clarify its coverage policies because of a "mischaracterization" on social media sites that the company was changing its stance, Nationwide spokeswoman Nancy Smeltzer said. Robert P. Hartwig, president of the Insurance Information Institute, said Nationwide has gotten "caught up in" the battle between oil and gas producers and environmental groups over hydraulic fracturing.