Apparently, fracked lands carry high environmental risks despite the "safety" claims being made by government officials and the energy industry. The following is a direct quote from an insurance trade journal (www.riskandinsurance.com/story.jsp?storyId=533335525):
"The (oil and gas) industry claims they are following all applicable laws, which they probably are. But that doesn't mean a whole lot when drinking water is only required to be tested once every six, eight or 10 years. There's no way gas companies are being charged the proper liability premiums to cover the environmental risk." -- Cyril Tuohy, Managing Editor, Risk and Insurance, April 1, 2011
Examples of risks that are expensive to insure against include "drinking water catching fire," "air quality degraded by chemical odors," "crops destroyed by toxic brine," "out-building destroyed by sink hole," "family member injured in earthquake," or "aquifer permanently destroyed after a flood."