Insurers Likely To Avoid Japanese Nuclear Claims

Law360, New York (March 14, 2011, 10:50 PM EDT) -- As Japan races to prevent nuclear disaster in the wake of a devastating earthquake and tsunami on Friday, insurers say they likely won't have to pay any claims related to a reactor meltdown. But that could change if claims hit U.S. courts, according to observers.

On Friday, a magnitude 8.9 earthquake rattled the northeast coast of Honshu island, the country's largest island, killing thousands. The earthquake and tsunami also spawned a potential nuclear catastrophe, with four separate nuclear plants facing meltdowns after cooling systems failed....
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