Fracking and Insurance Claims The Future For The UK Insurance Industry

Although many in the UK Government support the continued development of fracking when it comes to drilling for shale gas, there is still much uncertainty as to how far the controls and requirements will extend when it comes to regulating the industry.

With the debate surrounding the issue becoming more intense in recent months, questions must be asked about the implications of fracking in the United Kingdom for insurers, especially given the controversial environmental impacts of the process?  How will underwriters manage the task of assessing risk, when many of the potential hazards to human health and property have not yet been identified or confirmed as being linked to the fracking process?

 

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