Thank you PA….. our industry has a big enough black eye on various issues. Putting this exclusion in a HO policy when there is not an exact process to make a determination whether THIS particular earthquake came from fracking is ridiculous. Do we know that fracking is a likely cause of more earthquakes?? – Yes. But to exclude for “human activity” when you can’t prove it is asking for trouble.
Well, we’re making some progress in regard to human interaction with Mother Nature affecting earthquakes. So, we may be less than a decade away from the time ‘Green-Liberals’ back off their nonsense about Global Warming being highly correlated with human actions.
If Homeowners risk damages are deemed resultant from fracking, then tort liability should flow, both first party and via insurance subrogation actions against the frackers responsible. With potential of punitive damages, the issues should be of greater concern to the CGL underwiters who cover the drillers. The Insurance Department should use their authority to insist on appropriate mandaory liability coverage limits for the frackers.
Yep, if homeowners purchased coverage for earthquake damage, they should be compensated for earthquake damage. This seems like the correct move by the PA DoI. If insurers are concerned about increased earthquake exposure due to fracking, they should charge more and/or subrogate against those responsible for causing the quakes.
Thank you PA….. our industry has a big enough black eye on various issues. Putting this exclusion in a HO policy when there is not an exact process to make a determination whether THIS particular earthquake came from fracking is ridiculous. Do we know that fracking is a likely cause of more earthquakes?? – Yes. But to exclude for “human activity” when you can’t prove it is asking for trouble.
Well, we’re making some progress in regard to human interaction with Mother Nature affecting earthquakes. So, we may be less than a decade away from the time ‘Green-Liberals’ back off their nonsense about Global Warming being highly correlated with human actions.
By “Green-Liberals” do you mean most climate scientists? How is it you are so much smarter than they are?
If Homeowners risk damages are deemed resultant from fracking, then tort liability should flow, both first party and via insurance subrogation actions against the frackers responsible. With potential of punitive damages, the issues should be of greater concern to the CGL underwiters who cover the drillers. The Insurance Department should use their authority to insist on appropriate mandaory liability coverage limits for the frackers.
Yep, if homeowners purchased coverage for earthquake damage, they should be compensated for earthquake damage. This seems like the correct move by the PA DoI. If insurers are concerned about increased earthquake exposure due to fracking, they should charge more and/or subrogate against those responsible for causing the quakes.
There’s always subrogation.