Energy Law
Mar. 26, 2011
U.S. Nuclear Industry Liability Capped
Congress enacted the Price-Anderson Act to encourage the development of nuclear power and to make sure that funds would be available to cover some of the damages resulting from a nuclear catastrophe.
Daily Journal Staff Writer
The earthquake, tsumani and ensuing nuclear emergency facing Japan is expected to cost the insurance industry at least $35 billion for property and disrupted business losses alone - a number that risk analysts say could easily grow. That liability tally has trained a spotlight on the fact that if the U.S. were to face a major nuclear emergency the nuclear power industry would be on the hook for less than half ...
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