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To: NVDave
The Price-Anderson Act set up a pooling of liability across all operating reactors in the US. Right now, their pooled liability account is worth over $10 billion. Since the insurance requirements are based on a per-facility basis, and not on a size of the facility, the costs of the insurance are easily reduced by increasing the size of the reactor’s generation capacity.

You could buy it cheaper from AIG, but then they would never intend to pay off. So you are back to the funny money insurance and your tax dollars.

45 posted on 01/18/2009 6:42:43 AM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: org.whodat

There’s a designated insurer just for nuke operators, and here’s their website:

http://www.nuclearinsurance.com/

I read somewhere else that a typical annual premium for coverage is $400K/site. That’s just the primary insurance, then they’d need a secondary policy. Dunno how much that would be.


46 posted on 01/18/2009 7:34:27 AM PST by NVDave
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