Reminder: Complimentary Webinar: Hydrofracking Risks and Opportunities: What Insurers and Reinsurers Need to Know

This 60-minutes webinar will be presented by EAPD Insurance Attorneys Gregory S. Hoffnagle and Robert W. DiUbaldo.

The New York Times recently described it this way:

The American landscape is dotted with hundreds of thousands of new wells and drilling rigs, as the country scrambles to tap into this century’s gold rush – for natural gas.

The gas has always been there, of course, trapped deep underground in countless tiny bubbles, like frozen spills of seltzer water between thin layers of shale rock. But drilling companies have only in recent years developed techniques to unlock the enormous reserves, thought to be enough to supply the country with gas for heating buildings, generating electricity and powering vehicles for up to a hundred years.

So energy companies are clamoring to drill. And they are getting rare support from their usual sparring partners. Some environmentalists say using natural gas will help slow climate change because it burns more cleanly than coal and oil. Lawmakers hail the gas as a source of jobs. They also see it as a way to wean the United States from its dependency on other countries for oil.

But the relatively new drilling method – known as a high-volume horizontal hydraulic fracturing or hydrofracking – carries significant environmental risks. It involves injecting huge amounts of water, mixed with sand and chemicals, at high pressures to break up shale rock formations and release the gas.

EAPD’s Insurance and Reinsurance Department has been closely following this emerging area and believes the risks associated with hydrofracking are both numerous and diverse, and affect every stage from transporting and drilling to waste storage and disposal.

The purpose and scope of this webinar is to identify the opportunities and risks that hydrofracking presents for the insurance and reinsurance industry. The webinar will discuss the following: