Insurers say difficult to renew contract for Fukushima Daiichi as radioactive substances still leaking out — Would complicate matters “if another emergency unfolds”

Published: September 17th, 2011 at 4:35 pm ET
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Insurers discuss scrapping liability coverage for Fukushima plant – English, Asahi.com by MAKOTO ODA SENIOR, September 17, 2011:

Nonlife insurers are leaning toward ending liability coverage for the Fukushima No. 1 nuclear power plant, which would complicate compensation payments if another emergency unfolds and render the plant’s reactors “illegal.”

“The insurance contracts are targeted at nuclear reactors that are operating normally and are not leaking out radioactive substances,” said a senior official at a major nonlife insurer. “It will be difficult to renew the contract under the current circumstances.” […]

h/t Anonymous tip

Published: September 17th, 2011 at 4:35 pm ET
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77 comments

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