Annual Meetings-Hydrofracking: Process, Scope, and Magnitude

Pdf Summary

The document discusses hydrofracking, with a focus on the process, inland marine exposures and issues, and community impact. It provides information on energy claims and adjusting in the oil and gas industry, including physical damage, operator's extra expense, drilling operations, general liability, business interruption, loss of production income, and loss of hire. Case studies highlight incidents like wellhead leaks, casing failures, and environmental impacts, with associated costs and actions taken. Preventative measures to avoid such incidents are also addressed, along with other considerations such as green completions, earthquake claims, and water contamination. The document concludes with additional resources on shale fracking. Overall, the content emphasizes the complexities and challenges associated with hydrofracking operations and the importance of understanding and mitigating associated risks.

Asset Caption

Presented by:
Daniel Mason, Senior Vice President/Senior Claims Adjuster, MatthewsDaniel and Gerard Finley, CPCU, Senior Vice President, Casualty Treaty Underwriting, Munich Reinsurance America, Inc. They discussed the perceived benefits, community response, exposures, operational risks, and lessons from losses.

Keywords

hydrofracking

inland marine exposures

community impact

energy claims

oil and gas industry

physical damage

operator's extra expense

drilling operations

business interruption

environmental impacts