Old Rocks
Diamond Member
Insurance Coverage for Nuclear AccidentsThe failures are known. And the consequences of a major failure are so great that no private insurance company will insure a nuclear power station. And no re-insurance agency would touch one that would endevour to do so.
Are you sure about that?
Civil Liability for Nuclear Damage | Nuclear Insurance
Lloyds nuclear syndicate excludes quake losses | The Insurance Insider
Insurance Coverage for Nuclear Accidents
Currently, there is nearly $13 billion in liability insurance protection available to be used in the event of a commercial nuclear accident. The level of available insurance protection serves as the liability cap.
Would 13 billion even cover 1% of the damage in the US from a major nuclear disaster?