Agenda - 02-09-1999 - 1 - Laserfiche WebLink

Browse Search

or not legislation should be proposed under which the Govern - ment might assume liabilities in excess of those" covered by private insurance. Views of Industry on Study Group Report Subsequent to the date of the Interim Report, the Division of Civilian Application requested comments.from interested industrial concerns with respect to the groupts general conclusions. Seven responses were received. The general view expressed in the comments received was to the effect that while it was probable that adequate insurance would be available for other types of risks, the conclusions did not provide assurance that adequate coverage in the field of third -party liability would be made avail- able. Members of the atomic energy industry have steadily maintained this position;.thus, for example, a representa- tive of the equipment manufacturers, speaking before the annual meeting of the American Bar Association in August, 1955, stated with reference to the Study Group report that it now appears unlikely that the private insurance industry will ever be able to assume the full risk of atomic acci- dents. Similarly, the vice president and general manager of the Atomic Products Division, General Electric Company, speaking before the Atomic Industrial Forum in September 1955, advanced the position that, in spite of the Study 25