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Law360, New York (June 15, 2011)--Property insurers as well as pipeline operators can well attest to the catastrophic effect of pipeline failures. In 2010 alone, the Office of Pipeline Safety received 591 reports of pipeline-related incidents over the staggering 2.5 million-mile artery of underground pipe used to carry gas and liquids within the continental United States.
While pipeline incidents have been on a downward trend, fatalities and injuries related to such incidents are rising. Also on the rise: public concern. Fatal explosions like those that rocked residential San Bruno, Calif., in September 2010 and Allentown, Pa., in February have sparked widespread debate about the safety of the nation's subterranean pipeline.
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Pending Pipeline Safety Regs...
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