Case Study: The Price-Anderson Act

Proper training and protocols may have solved or prevented the problem. With more problems to add to the list of chain reactions from the accident, the government had to change industry safety which in turn, increased industry safety. New study groups were used to research the incident. New organizations had to be created to conduct proper training implementing the safety measures for the power plant operators. Many new publications had to be brought into existence to have better oversight of nuclear power plant operations. A

Firstly, the atomic incidents of Three Mile Island in Pennsylvania and Chernobyl in Russia are often mentioned as examples for nuclear plants being unsafe. In both cases failures of workers led to a meltdown in the reactors and increased radiation in the surrounding area (Henderson 12-17). And as the recent disaster in Japan shows, a nuclear crisis cannot only be caused by human mishaps, but also by unpredictable and untamable natural hazards. Consequently, nuclear crises cannot be predicted or prevented completely. Nuclear plants are, furthermore, considered uneconomical because in the eighties the construction costs of nuclear plants were underestimated and exceeded the estimation by $100 billion (Henderson 103). Therefore, the nuclear power opponents are arguing that nuclear power is burdening the American economy unnecessarily. According to the nuclear physicist Jeff Eerkens, antinuclear groups are also claiming that nuclear power is not necessary for the future since renewable energy sources, such as solar, wind, hydro, and geothermal power will be providing sufficient energy for the United States, and are at the same time much cheaper than the costly nuclear power plants (Eerkens 20). Over all, opponents consider nuclear power to risky and inefficient to “deserve further support from U.S. taxpayers” (Henderson 104).

Under the project contract, King County was supposed to buy an insurance policy to “insure against physical loss or damage by perils included under an ‘All-Risk’ Builder’s Risk policy. King County did not obtain an all-risk builder’s risk policy. Since FCC and DBM lost a substantial amount of money, both companies submitted builder’s risk claims to King County. King County denied the claims. FCCC sued King County for breach of contract due to failing of purchasing the builder’s risk insurance.

Is this a violation of the Gramm-Leach-Bliley Act of 1999? Is Payday a financial institution and therefore subject to Gramm-Leach?

Personal evaluation of this case would take into consideration the fact; one engineer did offer a document indicating and estimate for the cost of value refitting which would prevent the Ford Pinto from bursting into flames should a rear end collision occur. A simple, $1, plastic gadget weighing one pound fitted over the gas tank bolts would have prevented the tank from being punctured. Conclusion was that "it was more economical to let people die and settle the suits afterward" (Newton and Ford, 2008). Put simply, the Ford corporate heads believed no project was worth manufacturing if the cost-benefit indicated a greater cost than the benefit. Further evaluation of the analysis indicated if the

been increasing interest in Congress and significant sectors of the insurance industry to establish some form of federal insurance regulation” (Grace, & Klein, 2009). There are many different arguments for those opposed and those in favor of federal regulation.

The Kellogg-Briand Act was to end all wars agreement. It was signed on August 27, 1928. It was one of several efforts to stifle another World War. In hindsight, it did not work due to the rise of militarism in the 1930s. In the US, private citizens along with US officials made many efforts to guarantee that the US would never be drawn into another war. Disarmament was the biggest effort. Other efforts led by Nicholas Murray Butler and James T. Shotwell were in effort to outlaw war itself. Industrialist Andrew Carnegie established the Carnegie Endowment for International Peace in 1910 that promoted internationalism, Butler and Shotwell were members of Carnegie’s faction. Shotwell and Butler assisted and influenced French Minister of Foreign

Nuclear power plants are very hazardous when there aren’t any regulations for them to make them safe. When there is an accident

An author from Engineering.com named, The Engineer wrote a fairly descriptive article on the events that took place at Three Mile Island in October of 2006. The Three Mile Island incident occurred on March 27, 1979. Two men were cleaning a clog in an ion-exchange tank using compressed air from a general-purpose air system. There was a water line and another compressed air system that controlled valves in the plant. The Engineer (2006), points out that the 3 systems have similar fittings and a hose was connected between the instrument air system and the water line. This led to a loss of feed water to the steam generators and no way to cool down the reactor. With no way to be cooled, the system

Countless nuclear power plant accidents have been occurring quite frequently since its invention. Some accidents have even been underestimated,

property and liability insurance policies. The claims under Price-Anderson Act include any incident (and also includes incidents of theft or purposeful sabotage) like accidents and incidents that might occur while nuclear fuel is transported to a; in its storage; in waste disposal; incidents at the time of operation in a reactor, at the time of discharge of radioactive effluent; and incidents occurring while transporting the nuclear fuel (irradiated) and nuclear waste from the reactor.

By far and beyond, widespread catastrophic meltdowns are the cause of the general public’s anxiety when it comes to nuclear power. The most recent major nuclear disaster was at the Fukushima Daiichi Reactor in Fukushima, Japan in 2011 (Simon, 2011). An earthquake-triggered tsunami damaged the reactor and caused a meltdown, as well as a massive hydrogen gas explosion. This explosion vented contaminated steam and radioactive material into the plant’s surroundings, which eventually made its way to nearby ocean currents, prefectures, and countries. With such a largely publicized recent meltdown, the imminent dangers of containment breaches and meltdowns are still fresh in the public’s perception of nuclear power.

This paper will address the civil nuclear liability issue and it will also shed light on the implications for nuclear energy on India 's current energy mix and its future as well. I will explain the incentives for both nations to go forward with this deal and the role played by other foreign nuclear suppliers. Furthermore, this paper shall also discuss the potential risks and commitment issues from

Take a look back into time, picture yourself as a citizen of a small, rural town in in Cambria, England in the late 1950s. Other forms of power are expensive and far away. And you don 't the finances to move into a modern town. Would you be in favor or against the building of a factory that could give your town jobs, power and much more? I probably know what the majority would say. It all sounds great, but in the long run, we can 't just think about ourselves. All around, Nuclear Energy is what people refer to as "risky business". Nuclear Energy has many cons of the production and usage of itself such as Radioactive Waste,

In the early morning hours of 28th March 1979, the worst disaster in the history of nuclear energy production in the US took place. Unit Two of the Three Mile Island had a meltdown releasing some amount of radioactivity into the surrounding area. The meltdown led to the possibility of Unit 2 of the reactor facility to explode. The ramifications of the accident revealed the conceptual difficulties of assessing social risks and the political difficulties in managing them (Nelkin, March 1981).This paper aims at describing the accident, the post-accident setup and clean-up and the various losses which have been attributed to the disaster. It also intends to develop an understanding of the various complex issues and social vulnerabilities and risks that caused the disaster. The paper raises a very important question about the safety of the nuclear power plants in the world and the risk the reactors pose to the people and environment as a whole.