Wastewater-Induced Earthquakes May Cause Rising Insurance Rates, But Are Costs Recoverable? Tenth Circuit Says No
The Tenth Circuit Court of Appeals recently dismissed a putative class action (i.e., an uncertified class), alleging that fracking operations by various natural gas companies in Oklahoma increased the risk of earthquakes in the state, causing property insurance premiums to rise for local residents. In Meier v. Chesapeake Operating LLC, et. al., residents of Oklahoma …