IDEAS home Printed from https://ideas.repec.org/a/bla/rmgtin/v26y2023i4p437-465.html
   My bibliography  Save this article

Insurance and the public–private management of risk at US commercial nuclear power plants

Author

Listed:
  • John E. Gudgel

Abstract

This article examines the public–private partnership between the federal government, private insurers, and power companies that enabled the development of commercial nuclear power generation during the 1950s and its evolution to the present day. The public–private process of nuclear insurance development and its impact on nuclear safety is examined through the lens of the Price–Anderson Act enactment and subsequent renewals. The purpose is to show how commercial nuclear insurance evolved over time, and how the indemnification of potentially catastrophic losses influenced the safety behavior of operators, regulators, and other institutions. Evidence is presented demonstrating the relationship between nuclear insurance and safety, using insurance liability and property premiums, and key measures of nuclear safety.

Suggested Citation

  • John E. Gudgel, 2023. "Insurance and the public–private management of risk at US commercial nuclear power plants," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 26(4), pages 437-465, December.
    • Handle: RePEc:bla:rmgtin:v:26:y:2023:i:4:p:437-465
    DOI: 10.1111/rmir.12257
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/rmir.12257
    Download Restriction: no
    File URL: https://libkey.io/10.1111/rmir.12257?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rmgtin:v:26:y:2023:i:4:p:437-465. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1098-1616 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.