State Farm is going to sell us earthquake insurance.
UPDATE: and we should expect to pay “skyrocketed” premiums.
The suit says that the companies’ “ultrahazardous” actions have made residents fear for their safety and caused the cost of earthquake insurance to skyrocket. from the class action lawsuit in Arkansas.
Here’s what Americas Natural Gas did for you today.
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Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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That is so sweet of them!
I never thought I would have to buy earthquake insurance in Texas. We had in California. Very expensive and very large deductibles. So expensive, many opted not to have it.
I wonder how the quake insurance premiums in fracking areas will compare to the premiums in other areas. Look what Americas Natural Gas did for you today.
FM WatchDog says
My favorite two industries…..Oil and Gas and Insurance, bleh.
Isn’t it neat they way they are symbiotic?
State Farm & several other earthquake insurers responded to the 1994 Northridge CA quake by underpaying or cancelling their policies, saving them many millions.