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> Claims resulting from nuclear accidents are covered under Price-Anderson; for that reason, all U.S. property and liability insurance policies exclude nuclear
by Krasnol 4y ago
> Claims resulting from nuclear accidents are covered under Price-Anderson; for that reason, all U.S. property and liability insurance policies exclude nuclear accidents. Claims can include any incident (including those caused by theft or sabotage) in transporting nuclear fuel to a reactor site, storing nuclear fuel or waste at a site; during operation of a reactor, including the discharge of radioactive effluent; and transporting irradiated nuclear fuel and nuclear waste from the reactor.
https://en.wikipedia.org/wiki/Price%E2%80%93Anderson_Nuclear_Industries_Indemnity_Act https://en.wikipedia.org/wiki/Price%E2%80%93Anderson_Nuclear...
> The Act establishes a no fault insurance-type system in which the first approximately $15 billion (as of 2021) is industry-funded as described in the Act. Any claims above the $12.6 billion would be covered by a Congressional mandate to retroactively increase nuclear utility liability or would be covered by the federal government.
Interesting.