Re nuclear hydro power. I meant nuclear power plants. I didnt mean to
invent some new hybrid plant! I dont live in Ontario by the way. Most of our
power plants are hydro power here in Manitoba. We are fortunate in having
ample supplies for now and export quite a bit south.
Cheers, Ken Hanly
----- Original Message -----
From: Gar Lipow <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, September 13, 2001 1:32 AM
Subject: [PEN-L:17006] Re: "an act of war" & insurance payments
> Without being an authority: acts of war are ALWAYS excluded. (There are
> probably exceptions through custom policies, such as that offered by
> Lloyds.) Acts of terrorism are SOMETIMES excluded - depending upon
> whether the exclusion is written into the specific policy.
>
> BTW - what is hydro=nuclear? Nuclear power plans use fission to boil
> water to run steam engines. Hydro power uses falling water to drive
> turbines.
>
> In terms of limitations -- sounds like you have something similar to the
> Price-Anderson act in the U.S. which drastically limits the liabilty for
> nuclear power plants.
>
> Ken Hanly wrote:
> >
> > Would it make any difference. Would insurance ever cover acts of
terrorism?
> > I thought that damage due to terrorism or insurrection would be
> > automatically excluded. But no doubt someone with more expertise can set
us
> > straight. In Ontario the province has conveniently passed a law that
limits
> > its liability for damages that might be caused by nucelar hydro power
> > reactors as I understand!
> >
> > Cheers, Ken Hanly
> >
> > ----- Original Message -----
> > From: Tim Bousquet <[EMAIL PROTECTED]>
> > To: PEN-L <[EMAIL PROTECTED]>
> > Sent: Wednesday, September 12, 2001 11:43 AM
> > Subject: [PEN-L:16987] "an act of war" & insurance payments
> >
> > > If this talk of an "act of war" leads to the War
> > > Powers Act being invoked, does that let the insurance
> > > companies escape from making payments on the damage?
> > >
> > > My reading of the Chron this morning suggests that the
> > > total hit for insurance companies is on the order of
> > > $20 billion-- by far the largest insurance bill in
> > > history. Are the companies capitalized enough to meet
> > > the payments?
> > >
> > > tim
> > >
> > > =====
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> > >
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>
