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To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market for third-party liabilities for operators of planned nuclear power stations.
To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market for third-party liabilities for operators of planned nuclear power stations.
The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.
To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market to cover the expected level of investment in Hinkley Point B.
To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the nuclear insurance market to cover the expected level of investment in Hinkley Point B.
The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.
To ask Her Majesty’s Government what assessment they have made of (1) the competitiveness of the insurance market for nuclear property damage and nuclear liability, and (2) whether it provides the capacity needed by nuclear operators, notwithstanding the presence and nature of nuclear insurance pools, including the United Kingdom nuclear...
To ask Her Majesty’s Government what assessment they have made of (1) the competitiveness of the insurance market for nuclear property damage and nuclear liability, and (2) whether it provides the capacity needed by nuclear operators, notwithstanding the presence and nature of nuclear insurance pools, including the United Kingdom nuclear...
The Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators; this includes both general insurance and third party liabilities. At present there is predicted to be sufficient capacity in the market for planned nuclear power stations, including Hinkley Point C, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. The Financial Conduct Authority and the Competition and Markets Authority between them ensure effective competition, and make sure markets work well for consumers, business and the economy.
To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the United Kingdom and European insurance markets, or elsewhere, to meet the requirements of the operators and contractors of planned nuclear power stations in the United Kingdom.
To ask Her Majesty’s Government what assessment they have made of whether there is sufficient capacity in the United Kingdom and European insurance markets, or elsewhere, to meet the requirements of the operators and contractors of planned nuclear power stations in the United Kingdom.
Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators’ third party liabilities, including for planned nuclear power stations in the United Kingdom. At present there is predicted to be sufficient capacity in the market, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.