Milliman on Fracking: Pollution Liability Coverage Could be Inadequate

Source: BestWire Services, July 17, 2012
Posted on: http://fpn.advisen.com

Consulting actuaries Richard Soulsby and Jason Kurtz of Milliman say in a disaster scenario involving hydraulic fracturing, or fracking, comparable historical pollution events show pollution liability limits could be dwarfed by fracking-related pollution claims. Soulsby and Kurtz authored a report on the subject, which notes industry regulators should require companies to have sufficient insurance or other financial resources to cover the costs of these types of events. Soulsby said capacity likely would follow as regulation increased, and Kurtz said risk controls put into place today would ensure the public won’t be left “holding the bag” down the road.
View this video at: http://www.ambest.com/media/MA.asp?vid=milliman712

Find a Broker or Underwriter

Search by product, location or name
https://premium.insurancebusinessmag.com/us-iba-5-star-wholesale-brokers-and-mgas-2023-rt-specialty/p/1https://www.newsweek.com/rankings/most-loved-workplaces-america-2023https://www.insurancebusinessmag.com/us/best-insurance/best-insurance-companies-to-work-for-in-the-us--top-insurance-employers-2023-453773.aspx

Please Update Your Browser

Unfortunately Microsoft is no longer providing support or security fixes for your web browser. RT Specialty values the safety and security of its clients’ data, and as such this site requires the use of a modern web browser. To update your web browser, please see the links below. If you have any questions or would like additional information, please email info@rtspecialty.com or call (312) 784-6001.

Firefox Firefox Chrome Chrome IE Internet Explorer Edge Microsoft Edge