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Agenda - 02-09-1999 - 1
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Agenda - 02-09-1999 - 1
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8/7/2015 9:50:59 AM
Creation date
7/15/2009 11:59:23 AM
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BOCC
Date
2/9/1999
Meeting Type
Work Session
Document Type
Agenda
Agenda Item
1
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Minutes - 19990209
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\Board of County Commissioners\Minutes - Approved\1990's\1999
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'S v i CjV2 AAM� �• � /Iorvr4f6 1,k <br />INSURANCE v° <br />Nature and Extent of the Risks <br />Another factor of great importance and interest <br />to the private atomic energy industry is that of insur- <br />ance protection in the operation of nuclear facilities. <br />The risks involving damage or injury at the site of the <br />facility appear to be of the type normally covered by the <br />insurance industry. The primary problem, however, arises <br />from the fact that there exists a remote possibility of <br />a catastrophe which could be substantially more serious <br />than any visualized in other types of industrial opera- <br />tions. <br />That this potential is remote is illustrated by <br />the fact that the Commission's reactor operations re- <br />cently reached the sizeable total of 700,000 hours of <br />reactor operation without occurrence of any serious ac- <br />cidents. Under comparable conditions there would be, <br />therefore, only a small probability of very extensive <br />claims for damage against reactor operators, the manu- <br />facturers of reactor equipment and their insurers. This <br />experience record, the research and development work under- <br />way by Commissionts laboratories and other organizations, <br />and the rigorous review of hazard problems in connection <br />with the licensing of atomic energy facilities as described <br />earlier, all support the conclusion as to the remoteness <br />19 <br />
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