Nuclear Electric Insurance Limited (NEIL) is a
mutual insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or re ...
company which insures all
nuclear power plant
A nuclear power plant (NPP) is a thermal power station in which the heat source is a nuclear reactor. As is typical of thermal power stations, heat is used to generate steam that drives a steam turbine connected to a electric generator, generato ...
s in the United States as well as some facilities internationally. The company is based in
Wilmington, Delaware
Wilmington ( Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina ...
, and is registered in
Bermuda
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It was founded in 1980 in response to the 1979
Three Mile Island accident
The Three Mile Island accident was a partial meltdown of the Three Mile Island, Unit 2 (TMI-2) reactor in Pennsylvania, United States. It began at 4 a.m. on March 28, 1979. It is the most significant accident in U.S. commercial nuclea ...
.
In 1997 NEIL merged with Nuclear Mutual Limited, of Bermuda.
The company provides a range of insurance products, including property damage coverage, third-party liability coverage, and environmental impairment liability coverage.
See also
*
Oil Insurance Limited—mutual insurance company serving the energy industry
References
External links
* {{Official website, 1=http://www.nmlneil.com/
Financial services companies established in 1980
Mutual insurance companies of the United States
Nuclear power in the United States
Companies based in Wilmington, Delaware
Non-renewable resource companies established in 1980
1980 establishments in Delaware