Home insurance premiums can rise due to nearby fracking

California earthquake insurance sales skyrocketed last year

Thousands of homeowners across Yorkshire are concerned as the operations prepare to begin. Many residents in areas surrounding upcoming fracking sites are concerned about rising homeowners insurance premiums. This is the case in a number of regions around Yorkshire where the operations may soon begin. Industry experts have cautioned homeowners in those areas that they should expect to pay more. The Yorkshire Post reported that experts in home insurance premiums believe fracking may affect the amount people pay. That said, precisely how the insurance rates will be affected has yet…

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Is homeowners insurance enough to protect residents against fracking

Texas homeowners insurance fracking wastewater earthquakes

Property owners in areas where hydrofracking are discovering that they may not be as safe as they thought. Hydraulic fracturing, also known as fracking, is spreading to a growing number of regions across the United States, and while the method of extracting natural gas from the Earth is a controversial one, homeowners insurance policyholders are starting to wonder how much protection they truly have against some of the potential damaging events that could occur as a result of the technique. In a number of parts of the U.S., many are…

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Earthquake insurance sales continue their growth in Oklahoma

fracking oklahoma earthquake insurance

As the state continues to experience one quake after the next, experts are cautioning residents to be ready for more. May was a month that brought a rash of quakes to Oklahoma (which many are blaming on the hydraulic fracturing, “fracking” being conducted in the state), and this has caused homeowners to purchase earthquake insurance, as experts warn that more tremors are likely on their way. This recent trend has been causing this sector of this insurance industry to experience rapid growth. As a person’s home is likely the largest…

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Texas insurance companies facing claims from “frack quakes”

Texas homeowners insurance fracking wastewater earthquakes

Homeowners policy customers are discovering that their coverage may not offer protection. Customers of Texas insurance companies have been experiencing a rise in the frequency of earthquakes in their state, but are also discovering that if they result from hydraulic fracturing – otherwise known as “fracking” – coverage may not automatically be provided by their insurers. Rare cases have caused exterior propane tanks to explode but homeowners insurance didn’t provide coverage. One couple named David and Meredith Hull, have experienced an earthquake – and then thirty more – all since…

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Earthquake insurance takes off in fracking areas of Oklahoma

fracking oklahoma earthquake insurance

American scientists have now released a warning that the state could experience a major quake. Scientists in the United States have issued a warning to the businesses and residents of Oklahoma that indicates that they could experience a major quake, and this has caused a spike in the purchasing of earthquake insurance policies. This is an unwelcome added expense for those that are already paying high premiums for tornado protection. Although ground tremors have never been much of a problem in Oklahoma, they do occur on occasion. During the last…

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Earthquakes send ripples through homeowners insurance industry in Oklahoma

Oklahoma Homeowners Insurance

Small quakes cause some concern in the homeowners insurance space A recent outbreak of earthquakes in Oklahoma has caused some waves in the homeowners insurance sector. Over the past month, several small earthquakes have been reported throughout the state. In many cases, these quakes are not large enough to cause any significant damage, often only knocking pictures or books from shelves. According to the U.S. Geological Survey, these quakes range in magnitude from 2.8 to 4.3, barely enough to be felt by anyone, but enough to cause some concern. Frequency…

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Ohio earthquakes may be linked to fracking – Department of Natural Resources to investigate

A string of earthquakes have led Ohio officials to put a halt to controversial “fracking” operations that are scattered throughout the state. Fracking is the process of drilling deep into the earth to extract gas from shale, a fine grained sedimentary rock. The wells drilled into the earth are often filled with brine water in order to draw the gas to the surface. Some claim that the pressure from these water injections into the well is the cause behind the earthquakes. Most of the quakes rocking the state have been…

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