In this newscast, the journalist announces that TEPCO has lost all insurance coverage for all nuclear plants in Japan, and the insurance provider is NOT renewing the insurance coverage. Assuming this is the case, how can they continue to operate these nuclear plants?
To their credit, Japan has shut down 52 out of 54 nuclear power plants. They plan to shut down the other two in March, leaving Japan with NO operating nuclear power plants.
The plan is to run computer stress simulations, before turning them on again. But if insurance is required to turn them on again, the case could be made, that they cannot turn on, because there is no disaster insurance coverage. As of December 2011, the nuclear industry in Japan could not find any alternative insurance carrier, at ANY price.
Given that this disaster will probably cost a TRILLION dollars to deal with, I wonder if the nuclear industry will ever be able to find anyone to cover the HUGE risk that goes on forever and ever in the form of 93 long lived nuclear elements. See other blog posts to find out more about this. 
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TEPCO Loses Insurance Coverage; Japanese Nuclear Plants; Via A Green Road Blog
http://agreenroad.blogspot.com/2012/03/tepco-loses-insurance-coverage-for-all.html
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AGR Free Press 
icbc insuranceThat is very nasty thing that TEPCO Loses Insurance Coverage.I did not aspect it from Japan atleast.
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If a nuclear accident happens. No Insurance company will insure you or your property for anything around a nuclear accident.Since TEPCO is now effectively owned by the Japanese government, it means that nuclear power is now directly insured by no one other than taxpayers themselves.
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