Interesting piece about Nationwide Mutual’s decision not to issue policies designed to cover fracking. All reliable non-left wing/ energy from algae proponents unbiased studies on fracking show that when its done properly – just like when any other construction technique is done properly – there is little risk of harm to the environment, water supplies, or surrounding geography in general. So, Nationwide’s decision not to cover companies engaged in this growing area of work would appear to be Nationwide’s loss alone. While the loss of competition is probably bad news for anyone involved with drilling for oil and natural gas, I would imagine there will be no shortage of carriers eager to fill whatever void Nationwide created.
Wally Zimolong
Wally represents contractors (and subcontractors) and developers. His clients build and develop residential, commercial, and industrial properties nationwide. Wally enjoys working with the owners of the businesses he represents because they tend to be entrepreneurs and all around interesting people.
