Energy insurance expert David Stein wrote this guest column only hours before Nationwide Insurance issued a new statement that backtracks on the company’s prior comments about hydraulic fracturing.  According to this statement, the company “has not changed our policies or guidelines, nor are we cancelling policies.”  The new statement closely tracks what David surmised to be the truth and may be found immediately following his remarks.

The AP broke some apparently groundbreaking news – Nationwide Insurance had made a decision not to underwrite risks associated with hydraulic fracturing.  Immediately, press outlets picked up the story.  Clearly this was news – except it wasn’t.

http://eidmarcellus.org/marcellus-shale/nothing-new-from-nationwide...