Nuclear utilities are being forced to buy realistic insurance coverage for the first time ever for the catastrophic accidents the power plants could produce, under a new international treaty that has landed the industry with an enormous and increasing bill for annual premiums. Up to now, the industry was only liable for £140 million/€165 million in damages for any individual accident, with the government in the country where the disaster occurred paying any excess. But under the new agreement, which … read more »
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