Insurance News Daily

Tokyo Electric Power Company (TEPCO), Asia’s largest utility company, has started making compensation payments to the residents who had to be evacuated from around the Fukushima nuclear plant after the disaster in March. Now, they may end up paying a lot more according to Japan’s Chief Cabinet Secretary. The Japanese government has decided that they will not put a limit on the amount of compensation payments that TEPCO must make…

The outbreak of tornado’s and severe weather Wednesday caused massive damage across the southeastern United States. With a death toll of just over 200, almost three-quarters of those were in Alabama. The storms were so bad that the Browns Ferry nuclear plant had to shut down three reactors due to a power outage. The Browns Ferry nuclear plant in northern Alabama is owned by Tennessee Valley Authority (TVA). It was…

General Electric (GE) is getting bad press for their part in the Fukushima nuclear crisis in Japan; but they’re not being sued, as of yet. GE designed the containment systems inside the nuclear reactors of the Fukushima power plant. The power plant and its nuclear reactors were damaged almost a month ago when a massive earthquake hit Japan. The quake was immediately followed by a powerful Tsunami; causing additional destruction…