What is nuclear insurance?

Nuclear insurance is insurance transported by companies that work with nuclear reactors, especially public services that create energy using a reactor to protect them from liability for a nuclear incident. In the United States, public services are provided for the purchase and maintenance of nuclear insurance contracts under the 1957 price-and-and-and-and-and-and-Major Act, which was signed by President Eisenhower. This specialized insurance product is only available from some insurance companies. In countries with laws that order insurance coverage, such as the United States, there are usually minimal policy amounts, except for maximum possible payouts that are designed to ensure that the insurance policy in the case of a large incident is reasonable without being begged. Nuclear insurance is insurance without fault, although circumstances under WHICH may be paid. Just for information, an accident about the island of ThreeMilly in 1979, it caused a liability claim of approximately $ 220,500,000 in 2009.

One difference between nuclear insurance and cover for the purpose of public services from other types of claims related to disasters is that public services bear costs, not government or taxpayers. In other cases, public services may bear certain insurance coverage, but the government would come to help in the case of disasters as a failure of the hydroelectric dam. Nuclear insurance provides a similar level of coverage for the public, except for the costs that the tool transmits its energy users.

As one can imagine, insurance of nuclear liability insurance is very expensive. Insurance companies that are willing to take a risk need access to substantial capital and highly qualified subscribers who create policies that are adaptedy of the nuclear industry. Failure to comply with the insurance contract by usefulness may result in a fine and other sanctions from the government until the situation is corrected.