Key Issues

Price-Anderson Act Provides Effective Nuclear Insurance at No Cost to the Public

The U.S. nuclear power industry has an umbrella of more than $10 billion in liability insurance protection to be used in the event of a reactor incident. Utilities—not the public or the federal government—pay for this insurance.
This coverage began in 1957, when President Dwight Eisenhower signed the Price-Anderson Act. The act has proven so successful that it has served as a model for other legislation that protects the public against potential losses from hazards.
Insurance pools have paid more than $200 million in claims and litigation costs since the act went into effect. They disbursed approximately $71 million of that total in claims and litigation costs related to the 1979 accident at Three Mile Island 2.

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