Author: David K. IngramPublisher:
ISBN:
Category : Mine subsidence insurance
Languages : en
Pages : 16
Book Description
Research performed by the U.S. insurance industry has determined that mine subsidence is uninsurable. Consequently, the insurance industry has decided not to voluntarily offer mine subsidence insurance. The U.S. Department of the Interior has long been investigating the effects of mine subsidence; these investigations have resulted in Federal regulations and controls. This U.S. Bureau of Mines report generally describes mine subsidence, the development of mine subsidence insurance programs, and the eight current programs in the United States. The States that have these subsidence programs include Colorado, lliinois, Indiana, Kentucky, Ohio, Pennsylvania, West Virginia. and Wyoming. Major aspects of the programs include history, administrative and operational procedures, insurable structures, recognition of mine subsidence, major exclusions, claims, insurance premiums, and the economic health of each program. Addresses of agencies involved with mine subsidence insurance are also given. Information within this report can be useful for residential and commercial property owners and mine operators. States that are considering starting or already have an existing mine subsidence insurance program can also use this report as a model for initiating or modifying programs.
