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State Farm Wants To Insure Johnson County, Texas, Against Frack-Water Induced Quakes

Dallas Observer - Biz section -- Like a good neighbor, State Farm wants to insure Johnson County homeowners against fracking-related earthquake damage. Cleburne, aka Lil' San Andreas, has experienced a string of quakes this summer. Which is weird because, before 2008, the area had absolutely zero history of seismic activity.

State Farm reps have reportedly been firing off mailers to residents, urging them to buy earthquake coverage. A local rep passed me onto corporate. Gary Stephenson, the spokesman for the DFW area was coy, but conceded, "Is there major research going on at State Farm? I can say we're aware of this, we're watching this issue. It's more in the news, and we are watching this with interest."

None of the quakes has been huge -- most beneath 3 on the Richter scale, according to U.S. Geological Survey data


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Submitted Jul 24, 2012 By: NHLiveFree
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: State Farm Wants To Insure Johnson County, Texas, Against Frack-Water Induced Quakes Back to Topics
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drpepperTX
Champion Author Texas

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Message Posted: Jul 25, 2012 12:35:25 AM

LOL, joeski1, PDQ and Cakes just hate the facts don't they?

Remember, I don't make this stuff up, the info is out there for anyone that seeks the truth. Refute the article? What's there to refute? The fact that State Farm is so sure there's no risk from earthquake damage that they are pushing to collect premiums from paranoid buyers? That's already perfectly clear!

A little history on Texas earthquakes from, wait for it.... the USGS!

Several recorded quakes in this region of Texas (I guess they were fracing back in 1891! LOL. Notice how the purveyors of fear and paranoia only say 'never before specifically in Cleburne' purposefully glossing over the past history of quakes in the REGION. Quakes don't recognize geopolitical boundaries you know!
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Jul 24, 2012 11:04:14 PM


LMAO Joe and PDQ! Well said!

Thanks NH for posting this article!
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PDQBlues
Champion Author San Diego

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Message Posted: Jul 24, 2012 10:29:38 PM

Joeski1: well dr soda pop... or bambi killer.. oops bambi was a boy.. why don't you find the 'correct' USGS data and prove this article wrong? shouldn't be too hard...

You may be asking the impossible, Joeski1.
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Joeski1
Champion Author New Jersey

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Message Posted: Jul 24, 2012 7:08:13 PM

"During the fracking process, many millions of gallons of water, sand, and chemicals are injected a mile or more underground. As the gas is produced, much of it surges to the surface, often accompanied by subsurface brine. The "water" is almost impossible to treat. So the best idea the industry has at the moment is to inject into deep water-bearing formations like the Ellenburger."

and who will dispute this point are being inaccurate?
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Joeski1
Champion Author New Jersey

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Message Posted: Jul 24, 2012 7:06:38 PM

"Per USGS data, there have been some 32 tremors in Johnson County alone since 2008. The first "felt" earthquakes in Dallas and Tarrant counties occurred in 2008, some seven weeks after waste-water injection began at a well near the Dallas/Ft. Worth International Airport."

well dr soda pop... or bambi killer.. oops bambi was a boy..

why don't you find the 'correct' USGS data and prove this article wrong?

shouldn't be too hard...

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coughlin
Champion Author San Jose

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Message Posted: Jul 24, 2012 12:52:23 PM

Easy money.
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BurntOrange
Champion Author Austin

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Message Posted: Jul 24, 2012 8:13:44 AM

Will they also cover alien attacks?

Great business idea. Additional coverage at zero cost.
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bar1035
Champion Author Charlotte

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Message Posted: Jul 24, 2012 7:51:03 AM

Drumming up business. Creating a business where there was none. What a scam.
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sljbc475
Champion Author Tucson

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Message Posted: Jul 24, 2012 7:44:21 AM

Insure them and then bill/sue the fracking company for damages.
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drpepperTX
Champion Author Texas

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Message Posted: Jul 24, 2012 7:32:05 AM

Doeslayersr is correct, selling insurance based on fear and paranoia, knowing full well claims will not succeed.

LOL, they should be able to sell a lot of policies to the victims of this fear and paranoia.

Now we can just add insurance to the list of non scientific tripe the anti-oil and gas nuts produce.
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gandalfthegrey1
Champion Author Houston

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Message Posted: Jul 24, 2012 7:17:52 AM

doeslayersr has valid points.
I suppose I could have missed it, but as a resident of this state, I've not seen a single report relative to earthquakes in that region or anywhere else in Texas. Surely, if that was a real threat it would be much more publicized. This sounds as though StF is trying to create a market whether it exists or not.
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ktyson13
Champion Author Maryland

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Message Posted: Jul 24, 2012 7:05:29 AM

insurance companies are like leaches. once they get on you, you can't get them off and they suck u dry.
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doeslayersr
Champion Author Illinois

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Message Posted: Jul 24, 2012 6:43:45 AM

Sounds like a money making venure on the part of State Farm. Insurance companies do not stay in business very long by losing money.

I guess this is their subtle way of saying fracking induced quakes are not very likely!!!
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2khawk
Champion Author Iowa

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Message Posted: Jul 24, 2012 6:10:52 AM

Are they going to insure Alaskans against alligator attack too?
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el_fr
Champion Author Massachusetts

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Message Posted: Jul 24, 2012 6:10:18 AM

Intereting
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MidNJ
Champion Author New Jersey

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Message Posted: Jul 24, 2012 6:05:41 AM

State Farm is there :)
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cdrrod
Champion Author Wisconsin

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Message Posted: Jul 24, 2012 6:02:11 AM

Like a good neighbor....
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MImusicman
Champion Author Michigan

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Message Posted: Jul 24, 2012 5:50:52 AM

Let's see the industry doesn't want to insure fracking (see other articles here) BUT they are more than willing to insure homeowners against the damage...does anyone else find that a little humorous?
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ReddevilNO
Champion Author New Orleans

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Message Posted: Jul 24, 2012 5:45:03 AM

Ok.
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Timberline
Champion Author West Virginia

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Message Posted: Jul 24, 2012 5:23:53 AM

Interesting, given Nationwide's stance on the subject.
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yardslave
Champion Author Oklahoma City

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Message Posted: Jul 24, 2012 5:16:23 AM

Our largest was just over a 5 and it did damage....

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humblepie
Champion Author Toledo

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Message Posted: Jul 24, 2012 5:14:05 AM

carpetbaggers
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skippypa
Champion Author Hawaii

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Message Posted: Jul 24, 2012 5:09:00 AM

Go for it!!!!
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OTISFL
Champion Author Pensacola

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Message Posted: Jul 24, 2012 4:52:23 AM

More greed!
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TravelinMan52
Champion Author Augusta

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Message Posted: Jul 24, 2012 3:56:27 AM

Interesting to see where this goes...
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Amplion
Champion Author Oregon

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Message Posted: Jul 24, 2012 2:56:56 AM

BEWARE OF STATE FARM: NOT A GOOD NEIGHBOR WHEN THERE IS A LOSS !!!
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gaswatchON
All-Star Author Ontario

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Message Posted: Jul 24, 2012 2:01:12 AM

I Had State Farm Once and they are the sleaziest of the sleazey's This is how they will work this: first they con the people into the insurance then if there is an Earthquake they'll say prove it was the Fracking that caused it. We know how that will go don't we.

This is copied from another news item on this site
- ABC News - Associated Press -- Nationwide Mutual Insurance Co. has become the first major insurance company to say it won't cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground.

[Edited by: gaswatchON at 7/24/2012 3:05:28 AM EST]
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teafortwo
Champion Author Washington

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Message Posted: Jul 24, 2012 1:51:59 AM


Knowing the way most insurance policies work?
I would suggest you read the policy very carefully before signing.
Most likely, you are only covered if the quake occurs on the sixth Sunday of the month.
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AskMeLater
Champion Author Amarillo

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Message Posted: Jul 24, 2012 1:34:35 AM

A great way for State Farm to make a few buck. Kind of like people who bought insurance against being killed by SpaceLab back in the late 70s (iirc). Hey, if I own a company and some sucker wants to buy insurance from me to protect himself against something that will never happen, I'd be supid to say no.
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1WI
All-Star Author Appleton

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Message Posted: Jul 24, 2012 1:12:55 AM

Greed $$$
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PetroScopper
Champion Author Houston

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Message Posted: Jul 24, 2012 12:46:45 AM

State Farm is all about making money. I am sure they have calculated the risks involved and believe that they will escape any major claims- we will see.
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Thomtec
Champion Author Nashville

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Message Posted: Jul 24, 2012 12:36:19 AM

Ok
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coughlin
Champion Author San Jose

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Message Posted: Jul 24, 2012 12:36:10 AM

Rolling the dice.
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BJWI
Champion Author Milwaukee

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Message Posted: Jul 24, 2012 12:34:38 AM

I thought fracking does not cause earthquakes. If the oil industry and their advocates are maintaining and have concluded fracking does not cause earthquakes, then State Farm will never pay out a claim.
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KE4YBZ
All-Star Author Knoxville

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Message Posted: Jul 24, 2012 12:29:22 AM

I'm sorry. I know it's wrong.. but every time I hear "fracking"... I giggle a little.

Sorry.
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JohnofGB
Champion Author Flint

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Message Posted: Jul 24, 2012 12:08:03 AM

Take their money ,State Farm.
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TBONE3
Champion Author Pennsylvania

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Message Posted: Jul 23, 2012 11:47:53 PM

State Farm wants to do this? Relax then, their engineers must have figured out that they are similar to mine "settlements" and do very little surface damage so they will offer the coverage and profit from the venture.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jul 23, 2012 11:45:30 PM

I'm curious how they can afford that
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jkpsr
Champion Author New Jersey

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Message Posted: Jul 23, 2012 11:43:48 PM

This will, of coarse, entail a premium raise.
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probedude2
Champion Author Akron

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Message Posted: Jul 23, 2012 11:43:39 PM

Here we go, beating on fracking some more; fracking itself is not the issue, it's what is done with the wastewater
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afghaned
Champion Author Ottawa

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Message Posted: Jul 23, 2012 11:42:20 PM

Once the claims start the insurance will increase.
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shores4now
Champion Author Kentucky

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Message Posted: Jul 23, 2012 11:41:42 PM

Ok
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AnObserver
Champion Author New Jersey

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Message Posted: Jul 23, 2012 11:41:24 PM

Will they also insure against polluted wells and groundwater?
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Buddy2264
Champion Author Tampa

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Message Posted: Jul 23, 2012 11:39:30 PM

Interesting they dropped a lot of us here in Florida and made us go to a state insurance policy.
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WBBNC
Veteran Author North Carolina

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Message Posted: Jul 23, 2012 11:39:07 PM

Stop fracking: we're already have shortage of fresh water
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BobD2009
Champion Author Long Island

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Message Posted: Jul 23, 2012 11:38:08 PM

They must feel quakes are low risk to offer it.
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2bigtanks
All-Star Author Akron

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Message Posted: Jul 23, 2012 11:38:07 PM

Here we go....
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jul 23, 2012 11:36:30 PM

Beware, because State Farm will not insure homes in Florida, because of hurricanes.
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mpg611
Champion Author Cleveland

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Message Posted: Jul 23, 2012 11:35:26 PM

How about insurance to protect from officials elected based on pointless religion, cultural and social issues?
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PettyEddie2012
Champion Author New York City

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Message Posted: Jul 23, 2012 11:33:08 PM

Can I go buy meteor insurance somewhere?
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