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Revised Paris and Vienna Nuclear Liability Conventions: Challenges for Nuclear Insurers

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The revisions recently implemented to both the Vienna and Paris nuclear liability conventions are intended to widen significantly the amount and scope of compensation payable in the event of a nuclear accident. Whilst this is a laudable objective, the final extent of the revisions leaves nuclear site operators and their insurers with greater uncertainty as a result of the wider and unquantifiable nature of some aspects of the revised nuclear damage definition, in particular where reference is made to environmental reinstatement and extended prescription periods.
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Document Type: Review Article

Publication date: 01 August 2006

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