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Erin L. Webb
Dickstein Shapiro LLP
Liability Insurance for Nuclear Power Plants
• Price-Anderson Act
• Insurance provided by American Nuclear Insurers and required by Act
• Policies bolstered by contribution from plant owners in the event of an incident
• Streamlined civil court procedures
Property Insurance for Nuclear Power Plants
• Primary and excess insurance available; base amount required by NRC
• Covers costs to repair accidental property damage
• NEIL – mutual insurer
• Accidental Outage coverage
• Decommissioning coverage
Property Insurance Claims – Practical Tips
• Timeliness
• Detailed Proof of Loss
• Coordination with NRC
• Analysis of Damage/Expert Opinion
Emerging Issues
• Small modular reactors
• Evolution of Yucca Mountain issue/storage and disposal of SNF and other high-level wastes
• NRC “60-year plus” licensing/evolution of “waste confidence” (continued on-site storage) principles