Tag: fracking

Earthquake insurance takes off in fracking areas of Oklahoma

Julie Campbell
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

S.Vagus

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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