Despite assertions made over the last several weeks, Nationwide has not issued any new guidelines nor taken any new positions regarding fracking.
With the increase in hydraulic fracking, particularly in the Midwest and Northeast, Nationwide evaluated our position (as we routinely do with any of our coverages) and decided not to make any changes in our long-standing position on exclusions related to drilling operations. An internal communication sharing an update on this review was drafted, without this broader context, and distributed to agents. This agent bulletin was then posted on Facebook and taken out of context. This post made it appear as if Nationwide had made an announcement, when in reality we simply decided to maintain an underwriting position we and most other carriers have held for years.