Federal solutions to a state-regulated industry should be carefully considered, as evidenced by the fact that federal taxpayers are currently at risk from $20.525 billion debt already owed by the National Flood Insurance Program, according to the APCIA.
Tag: earthquakes
Insured Global Losses Hit $95 Billion: Munich Re
Worldwide, natural disasters in 2023 resulted in losses of around $250bn (previous year $250bn), with insured losses of $95bn (previous year $125bn). Overall losses tally with the five-year average, while insured losses were slightly below the average figure of $105bn.
Texas Earthquakes Prompt New Fracking Rules
Earthquakes are causing a costly new setback for frackers in America’s hottest oil field. Shale companies in West Texas will have to pay more to transport millions of barrels of wastewater that rises from oil wells and, when deposited underground, can aggravate tectonic fault lines. Following a recent spate of earthquakes, state regulators ordered companies… Continue reading Texas Earthquakes Prompt New Fracking Rules