Tokyo Power set to pay for Fukushima nuclear disaster

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…
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Nuclear plant insurance has a nuclear price tag…many go uninsured!

In the wake of the disaster in Japan, many are questioning whether nuclear power is safe. The continuing nuclear crisis in Japan has brought up many issues, one of them being the issue of insurance. Nearly every nation on the planet requires that their citizens have some form of insurance to cover the various aspects of their lives, such as protection for the vehicles or homes. The requirements for insuring…
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Business owners seek help in evacuated areas around nuclear plant

The Tokyo Electric Power Company (TEPCO) not only is dealing with a leaky nuclear power reactor but business owners who have been evacuated from areas around the damaged Fukushima plant want compensation. Most of them have been unable to return to their homes to get work tools or supplies, and have been living in shelters since the evacuation took place. Since nuclear damage is not a covered peril under most…
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The liability name game over Fukushima nuclear disaster

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…
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