nuclear insurance News

Gas Buildup at China Nuclear Plant Prompts Questions from Part Owner EDF

The French utility that partly owns a nuclear power plant near Hong Kong is seeking more information on a gas buildup in a reactor, even as its Chinese partner insists the facility is operating safely. Electricite de France SA, which …

London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt

LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and liability risks globally, with clients across …

6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel

The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by …

Florida Commission to Decide Nuclear Plant Insurance Rate Offset

The state Public Service Commission is considering annual rate adjustments sought by Progress Energy Florida including a charge for power purchased to replace output from a crippled nuclear reactor. The commission will decide on fuel, purchased power and other adjustments …

Florida Industry Presses Progress Energy on Nuclear Reactor Insurance Claim

Lawyers for industrial consumers are questioning Progress Energy Florida’s approach to calculating how much insurance money the utility can expect in 2013 to help pay for power to replace output from a crippled nuclear reactor. State regulators didn’t immediately resolve …