Tag: ohio insurance companies

16 More insurance companies file lawsuits against Pacific Power

Marc
Insurance companies - Lawsuit filed

The joint lawsuit against the utility and its parent company PacifiCorp is connected to the Archie Creek Fire. An additional 16 insurance companies have filed a joint lawsuit against PacifiCorp as well as Pacific Power, its subsidiary, for reasons relating to damages caused by the Archie Creek Fire. The lawsuit was filed by the insurers on January 5 in the Douglas County Circuit Court. The insurance companies are pursuing a combined $14.2 million from the electric utility and its subsidiary. The 16 insurers are based in eight different states, including…

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Ohio earthquakes linked to controversial fracking procedures, claim regulators

H. Cutner

Ohio has experienced an outbreak of earthquakes in recent months. Many of these quakes are relatively small – the strongest registering 5.4. While earthquakes are not decidedly uncommon in the state, the frequency at which they are occurring has some state officials and insurance companies worried. They are concerned because the quakes may be linked to the controversial “fracking” operations that are based throughout Ohio. Fracking is the process of drilling into the earth in order to harvest oil that is stored in shale bedrock. Earlier this month, state officials…

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