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November 26, 2015 8:43 PM ET


Company Overview of Nuclear Electric Insurance Limited

Company Overview

Nuclear Electric Insurance Limited provides insurance for nuclear utilities in the United States and internationally. The company insures electric utilities for damages to insured sites, decontamination expenses incurred at such sites arising from nuclear contamination, other risks of direct physical loss at such sites, certain premature decommissioning costs, and the costs associated with certain long-term interruptions of electricity supply. Nuclear Electric Insurance Limited was incorporated in 1978 and is based in Wilmington, Delaware.

1201 Market Street

Suite 1100

Wilmington, DE 19801

United States

Founded in 1978





Key Executives for Nuclear Electric Insurance Limited

Chief Executive Officer, President and Director
Chief Financial Officer and Senior Vice President
Chief Investment Officer and Vice President
Vice President and General Counsel
Managing Director of Overseas and Vice President of International
Compensation as of Fiscal Year 2015.

Nuclear Electric Insurance Limited Key Developments

Nuclear Electric Insurance to Pay $400 Million to Settle Claims of Steam Generator Failures

Nuclear Electric Insurance Ltd. has agreed to pay $400 million to settle claims of steam generator failures, which caused outages at the San Onofre nuclear plant in San Diego. The failure led to the permanent shutdown of the plant and caused "substantial financial and other harm". Southern California Edison Co., will receive $312.8 million, while San Diego Gas & Electric Co. and the city of Riverside will receive $80 million and about $7.2 million under the settlement, respectively.

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