NUCLEAR INSURANCE
July 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has formally asked EU ministers to approve a new protocol to the Paris Convention on international nuclear insurance, allowing a significant extension of cover via a tough hike in the third party liability of power stations. This is to be raised from approximately Euro 21 million to a minimum of Euro 700 million, with operators having to be insured or posting a financial guarantee equivalent to this amount. The changes to the convention would also see the scope of liability being extended beyond damage to people's health ...
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