Increased earthquake activity in some regions of the country has officials and legislators looking into whether processes related to hydraulic fracturing, or fracking, might be to blame. In Oklahoma, a state that has seen heightened seismic activity, there is some evidence that interest in earthquake insurance has increased along with the tremors.
But what would the insurance implications be if a conclusive link between fracking-related activities and earthquakes is shown?
A joint statement on May 5 by the U.S. Geological Survey and the Oklahoma Geological Survey reveals the rate of earthquakes in Oklahoma jumped by about 50% since October 2013, and warns that the chance of a damaging quake in the central part of the state is "significantly increasing."
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