While not every producer is savvy in underwriting the ever-evolving risks attached to the domestic energy market, one thing is certain: It's a boom time.
Among the most interesting developments in environmental liability coverage is that the recovering economy is turning businesses from window-shoppers into buyers, but the policy limits being purchased and renewed are decreasing.
Fracking is not something to be exploited and profiteered overnight, but rather the next phase of American energy growth. And gaining a clear picture of the risks involved will go a long way in informing insurers' grasp of this often-misunderstood practice.