nuclear-news

Price Anderson Act does not cover damages suffered in USA from radiation from overseas nuclear sources

Fukushima Radiation causing U.S. Insurance Companies to EXCLUDE all Coverage for Radiation Claims, Turner Radio 2 Feb 14 A number of readers have contacted us to point out that under the Anderson-Price Act, there have ALWAYS been exclusions for nuclear coverages and they claim this story is not new.  They are in error. Here’s why:

The Price-Anderson Nuclear Industries Indemnity Act (commonly called the Price-Anderson Act) is a United States federal law, first passed in 1957 and since renewed several times, which governs liability-related issues for all non-military nuclear facilities constructed in the United States before 2026. The main purpose of the Act is to partially indemnify the nuclear industry against liability claims arising from nuclear incidents while still ensuring compensation coverage for the general public. The Act establishes a no fault insurance-type system in which the first approximately $12.6 billion (as of 2011) is industry-funded as described in the Act. Any claims above the $12.6 billion would be covered by a Congressional mandate to retroactively increase nuclear utility liability or would be covered by the federal government.

As you’ve probably already realized from our bold-faced, underlined and italicized emphasis above, the Fukushima Nuclear Plant was not“constructed in the United States.” Therefore, the Anderson-Price Act does not apply to any damages suffered IN THE UNITED STATES, from the Fukushima Nuclear Disaster.  All such damage claims in the U.S. for health-related claims, death or property damage from Fukushima  radiation contamination would necessarily fall directly to US Insurance companies.

Given this irrefutable fact, one begins to ask, If the radiation from Fukushima is as “harmless” as the government and experts are all telling us, why are US Insurance Companies specifically excluding coverage?  Maybe they know something about the radiation that we don’t?  Maybe they know it’s a lot worse than the government is telling anybody?……http://www.turnerradionetwork.com/news/251-mjt

February 4, 2014 - Posted by Christina Macpherson | Uncategorized