Insurance news from United States shows end to fracking coverage

Insurance news

Nationwide Mutual announces that it will not be covering this gas drilling process. The latest insurance news has identified an action that could become a trend among insurers, as Nationwide Mutual announced that it will not provide coverage for fracking. This process involves drilling for gas by blasting deep into the ground with chemical rich water. A spokesperson for Nationwide Mutual, Nancy Smeltzer, made insurance news when the details were released. She stated that the policies offered by the company – based in Columbus, Ohio – for both commercial and…

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Crop insurance news shows debate rages on over subsidy

Crop Insurance

Farmers want to continue to cover themselves against falling prices and losses with the help of the government. Corn and soybean farmers, especially, have been enjoying this type of arrangement for their crops for many years, and the latest insurance news is showing that this might improve. Congress currently has a farm bill before it, which includes a provision that will likely come with an annual cost of approximately $3 billion, that would help farmers to cover the losses they incur ahead of the coverage of their own policy coverage.…

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Travelers makes insurance news by leaving Wall Street estimates in the dust

The latest insurance news from Travelers shows that it saw earnings far beyond expert predictions. Travelers Cos Inc., a property insurer, left estimates from Wall Street analysts in the dust in terms of predictions regarding its first quarter earnings, and made insurance news when it increased its dividend by 12 percent as the losses from natural disasters fell and as rates continue to rise following several weak years. Shares of the insurer increased to $62.35, an increase of 4.8 percent, reaching their highest level since May of last year. Analysts…

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