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 a nuclear power plant, however, are surprisingly low. Japan’s nuclear disasters will cost taxpayers billions, a price that will be…

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Auto insurance data spat could lead...
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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 insurance plans, these businesses have been left on their own to manage. A group of twenty people, made the trip…

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U.S. Nuclear Plants…how exposed are we?

The people of Japan knew they were at risk for a large scale earthquake, and even a tsunami. They took painstaking measures to prepare for this possible, “once in a lifetime” event.  We watched the tragedy and devastation that was taking place, in one of the most prepared countries in the world.  One hundred twenty seven million people experienced an event of historical proportions. All the planning and scenarios had been done for a “worst case disaster.” But as one disaster turned into two, and then two turned into three,…

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