Insurance for Atomic Projects - Chemical & Engineering News Archive

Insurance for Atomic Projects. Research and indusf-rial reactors are insurable at ... Published online 5 November 2010. Published in print 17 October ...
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MANAGEMENT

Insurance for Atomic Projects Research a n d indusf-rial reactors are insurable at commercial rates; third party liability poses problems • That contracts covering "business interruption" and "use and occupancy" features present a special problem re­ quiring further study; it is desirable to forai eventually special pools of under writing groups for handling direct cov­ erage o n the plants- T h e insurance experts feel that an agreeable maximum limit for primary liability can be worked out. But as a matter of pub­ lic poliey, they say, it should be the government's decision and responsi­ bility whether or not to create a spe­ cial federal fund which would provide a m e a n s of insurance in excess of the must riding demand Capacity oi Lue cornxnerciai inarKet. Cjr ^i i w .^ However, steps are being taken to> Braidech points out that various establish criteria for the insurability oF tedinical committees of different seg­ industrial installations. A special group» ments of the insurance business have of insurance executives organized with* drafted safety regulations applicable to the cooperation of the AEC has made a. transport of radioactive chemicals and study of existing government atomic- to the operation of various types of facilities, and the group has issued a. atomic energy equipment such as par­ preliminary interim report. Principal ticle accelerators. In his opinion, conclusions of the insurance people: there currently exists a temporary © That research and industrial reac­ "r&gulatory maze." The AEC, says tors are insurable at commercial rates the insurance engineer, should provide and that they might be considered im more detailed safety stipulations than the category of the more hazardous^ has been the case up until now; in ad­ types of chemical operations. Physical dition t o providing the usual technical damage to a reactor and its auxiliary- surveillance, t h e Commission should equipment can be handled u p to a_ undertake to codify at an early date prescribed limit in the same way as; the layout and design, construction, i i ^ r f c i rmust i ΚΛΙΊΡ riding demand installation and maintenance nuclear hazardous machinery is n o w carried LQL reactors and associated steam produc­ ing equipment, says Braidech. Strin­ other major industries. • That the catastrophe potential, al­ gent enforcement of the proposed regu­ though more serious than anything now- lation licensing operators of nuclear known in industry, is remote in occur­ reactors should be carried out, he adds. I n the attempts to protect the public, rence. Progress made in developing: controls to prevent a dangerous inci­ many governmental agencies at state dent and engineering features to con­ lev^el are drafting safety regulations. tain any released radioactivity in event According to a recent report b y Comof leakage or reactor failure are cited iucrxee Clearing House, 16 states have passed laws recognizing the safety and as reasons for this conclusion. • That the most serious problem as- health hazards of nuclear energy and to the amount of coverage available lies: requiring employers to provide protec­ in the "third party liability" insurance- tion for the public and workers. Eleven The insurer faced with catastrophe po­ of these states have declared damage tentials might b e called upon to meet to liealth as a result of radioactive ex­ claims of extreme magnitude for prop­ posure an occupational disease and erty" losses in the immediate surround— placed it under their workmen's com­ ingsT decontamination, and workmen's. pensation laws. T h e 11 states which now place compensation losses from other plants in the general area adjacent to the* atomic employees under workmen's reactor site. compensation protection are: Arkansas» INSURANCE

he left behind It was an all-day session between the research director, the chief chemist and the r e g i o n a l Bareco w a x salesman: Actually, the guy from Bareco just happened to call as the director and chemist were discussing a n e w w a x application, b u t w h e n the lights in the lab were turned o u t the three left together. Somebody suggested a steak, and another working day came t o a close. Such a day is not uncommon for a Bareco sales-engineer. He has been trained to know waxes . . . what the different grades will do and what they will not do. He is familiar with the flexibility Oi lais company s wax p»ant at Barnsdall, Oklahoma. He knows the technologists in that plant are always ready to tackle a new problem which may ultimately give birth to a new grade o f microcrystalline wax . . . and perhaps a new industry. "The steak was earned because, with his help, *U~

1-1 Ï 3 must riding demand

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BARECO η UNIFORMITY 51s BARECO O I L Co. •B0« 2003 4410

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AGALVST

ATOMIC

RISKS is-

one of the major problems in the trans­ fer of nuclear energy development from·. government monopoly t o free enter­ prise. Mathew M. Braidech, National! Board of Fire Underwriters, speaking: before the recent Lake Placid Meeting; of the American Institute of Chemical! Engineers, declared that nothing is^ available to forecast liability and no» formula is possible for calculating theloss potentials from a serious reactoraccident. T h e problem is furthercomplicated b y the lack of standard­ ization or the variety of reactors pro—

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ffrues >~ Microti N o w the famous Sturtevant Whirl­ wind Air Separator, so widely used throughout industry for fast recov­ ery of fines, has been specially de­ signed t o "pick-off" classified ma­ terials such as pigments, limestone fillers, plastics, oyster shells, etc., in micron sizes. OTHER STURTEVANT EQUIPMENT

These highly efficient air separa­ tors select a continuously uniform product of desired fineness. Used in a closed circuit with grinding mills, they increase production, cut p o w e r costs. Large feed opening, rugged con­ struction, ease of adjustment, low p o w e r consumption assure economy of o p e r a t i o n and minimum upkeep. Write for further information.

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MICRONIZER®

GRINDING MACHINE

A fluid jet grinding machine, the Sturte­ vant Micronizer speeds reduction of ma­ terials to low micron sizes. These jet mills are especially applicable in fields where a particle size in microns is desired. Sturtevant Micronizer grinding ma­ chines are available in many sizes and capacities.

RING-ROLL

MILLS

For medium and fine reduction (10 t o 2 00 mesh), hard o r soft materials. Very durable, small power. Operate in closed circuit with Screen or Air Separator. Open door accessibility. Many sizes. N o scrapers, plows, pushers, or shields. "SO

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OCT.

17,

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CRUSHING

ROLLS

For granulation, coarse or fine, h a r d or soft materials. Automatic adjustments. Crushing shocks balanced. For dry or wet reduction. Sizes 8 χ 5 to 38 χ 20. T h e 5ΐάΩ«αΕΓ«α ι ϋ Γ âj_»râ5ive5.

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Four-way mixing action assures a thoroughly blended product. Opend o o r accessibility permits easy cleaning;. Available in many mixing capacities for M-ton per hour and up.

MANAGEMENT Colorado, Georgia, Idaho, Kansas, Louisiana, New Mexico, New York, Pennsylvania, Rhode Island, and Texas. Massachusetts legislators have given their public health department the au­ thority to establish controls over the transportation, storage, packaging, sale, distribution, production, and disposal of radioactive materials that may affect the public or workers. Connecticut amended its public health statute this year to provide for incarceration or iso­ lation of individuals exposed to radio­ activity to such a n extent that they are a hazard to others; the state must pro­ vide a place for t h e detention. Connecticut, Maine, and New Hamp­ shire have adopted a model statute pre­ pared by the N e w England Committee on atomic energy providing for coordi­ nating developments regulating activi­ ties of the states. Rhode Island also adopted the statute but with consider­ able variations, says CCH. California and New York have enacted laws this year concerned with the disposal of radioactive wastes. New York requires employers to maintain an accurate rec­ ord of all radioactive materials-to guard, agaij^t unauthorized loss. William M. Cousins, Jr., Armour Re­ search Foundation, in a speech before the recent Washington meeting of the Atomic Industrial Forum recommended that Congress enact an atomic compen­ sation act which would provide for fixed damage payments to the public and a fixed limit of liability for operat­ ing companies. Adequate public lia­ bility insurance currently is not avail­ able at reasonable rates and many com­ panies would prefer greater coverage, says Cousins. • Atomic Risk Policy Issued. Just last month it was revealed that the first atomic risk policy had been issued late last year. Indemnity Insurance Co., of North America issued to the Elec­ tric Boat Division, General Dynamics Corp., a package policy covering ex­ posures of the nuclear reactor then be­ ing installed in the Nautilus. The policy provides coverage for workmen's compensation, public and employer's liability and products lia­ bility. An associated company, Insur­ ance Co. of North America, is the lead­ ing participant o n t h e first business interruption policy to b e issued on a re­ actor. This contract insures against the possibility of shut down of General Dynamics' Groton, Conn., plant due to radioactive contamination. Policy conditions were the result of combined efforts of navy, insurance company, and General Dynamics rep­ resentatives. This is believed to be the first time the Government has fostered the use of private insurance.

Diary of an old shoe "Walked, walked, walked —on pavement and dirt— month after month —mile after rnile9 rain or shine . · ·" But this shoe could take it Γ It is o n e of millions of shoes that have the modern type of rubber sole reinforced by the incor­ poration of high styrene resins a n d plasticized with low cost PANAREZ hydrocarbon resins. PANAREZ resins are tack producing agents and rubber soft­ eners which make definite improvements in "flex crack", abrasion and tear resistance, tensile strength, and aging prop­ erties. A t the same time, PANAREZ resins permit the use of larger than normal quantities o f filler without sacrificing quality. This has resulted in important reductions in raw material costs. PANAREZ resins, derived from petroleum, act excellently as polymeric plasticizers. They provide excellent color and color stability. They have low specific gravity. They are par­ ticularly useful in GRS rubbers where improvements in p r o o essability and stock physicals are desired—at a simultaneously reduced cost. Whether you compound or use rubber for shoe soles, wire covering, floor tiles, tires, hose, insulators or some other prod­ ucts, we welcome the opportunity to work confidentially with you on your particular problem. Readily available in various color grades a n d unlimited quantities, PANAREZ resins offer the compounder a completely reliable, low cost raw material. For full information write or wire Dept. CEN

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f=t F= 5 5 5 FIFTH AVENUE, NEW PANAPOL Hydrocarbon drying oils

OCT.

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17,

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