Big energy companies typically self-insure and do not purchase Pollution insurance, experts note. Some second-tier energy companies, however, do tap the Environmental insurance market, says New York-based broker Catherine O'Leary, vice president of the Environmental division at Frenkel & Co. Inc.
Environmental insurers have little appetite for underwriting fracking operations, although a fracker with an exceptional risk-management program might attract an insurer's interest, O'Leary says.
Many Pollution insurers, though, will cover frackers' service providers, such as haulers, electricians and pipe-layers.
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