Noosa News
Coal seam gas insurance clause ‘big on spin, light on detail’, lawyer says, in its bid to protect farmers
A new insurance clause is being touted by the coal seam gas industry as a solution to uncertainty about risk and liability, but landholders and lawyers say farmers are still worse off.
Key points:
- GasFields Commission Queensland releases an insurance indemnity clause to help protect farmers from CSG risk
- It follows a major insurer last year announcing it would no longer offer public liability insurance to landholders who host wells and infrastructure
- Landholders and lawyers say it still doesn’t even the playing field for farmers forced into negotiation with gas companies
Last year, Australia’s biggest insurer IAG, owner of major rural insurer WFI, announced it would no longer provide public liability insurance to landholders who hosted coal…
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