The government of Japan announced Saturday that it had found above normal levels of radioactive foods in foods including spinach and milk coming from farms up to 90 miles away from the nuclear power plants.Japan has reached out to the US, to help prevent a complete Meltdown of the fuel rods.They are racing against the clock to cool the complex. The U.N. atomic energy chief called the disaster a race against the clock that demands global cooperation.
The brave plant workers, joined by members of their military, civil services and world volunteers are using every resource to ”Cool Down” the storage areas filled with hundreds of tons radioactive materials. Military fire trucks began spraying the damaged reactors again with tons of water in a desperate attempts to keep the fuel Rods covered in water the only thing standing in the way of a complete meltdowns that would send dangerous levels of radiation down-wind.“The whole world, not just Japan, is depending on them,” Tokyo office worker Norie Igarashi, 44, said of the emergency teams at the plants.The question I have been asked as an insurance Agent is ” How will the losses insurance companies will suffer in this disaster effect global insurance rates”The size of these losses from the Earth-Quake, as well as the Nuclear plant disaster will clearly have a “Ripple-effect” across the entire insurance industry. But, unlike disasters in other countries, Japan’s insurance companies are largely re-insured by other Japanese companies. This will reduce the impact on American and global insurance companies. But that said, I would have to assume any nuclear power plant is going to see their insurance rates increase.If such an accident happened here, The U.S. nuclear industry says “It would pick up the total tab should a catastrophic wipe-out of multiple reactors, such as the one creating havoc in Japan, occur on American soil”.But insurance and risk assessment experts say “That’s not even close to the truth”, “We can expect to see taxpayers getting stuck funding billions of dollars to cover claims for loss of life, property and business, as well as long term decontamination”.
We can all remember back to the death, destruction and general horror that was Katrina. A death-toll so large that it stretched our ability to truly comprehend. Years have passed, yet New Orleans is still wearing the visible scars, and any sense of normalcy, can still be years away.It is with that in mind, that we read about the devastation that occurred today of the island nation of Haiti. it is truly impossible to grasp what it means to hear of Hundreds of thousands are feared dead in the wake of the 7.0 -magnitude earthquake. Haiti, already the poorest nation in the hemisphere, has few resources to even begin the long task ahead.President Barack Obama has launched a “swift, aggressive and coordinated effort to save lives” in Haiti.Clearly, this is a moment for Government, businesses and citizens alike to join together with nations from around the world, to do all we can to safe lives, and in time, help to rebuild.Attached is a list I found of some charities in a position to help.
Urban Insurance Agency
- Save the Children “is preparing to provide immediate lifesaving assistance, such as food, water, shelter and child-friendly spaces.” Make a donation online or call 800-728-3843.
- UNICEF is working to provide supplies to allow access to adequate sanitation, safe water and basic health care. Make a donation online or call 800-FORKIDS.
- The American Red Cross has pledged an initial $200,000 and says it is prepared to take further action as local responders assess the situation. All of the relief supplies from its warehouse in Panama have been made available, providing for basic needs for about 5,000 families. The Denver branch of the group announced on Twitter that donations can also be sent via text message: “Text the word HAITI to 90999 to make an automatic $10 donation to Red Cross efforts in Haiti.” Make a donation online or call 800-REDCROSS.
- Direct Relief International has committed “up to $1 million in aid for the response and is coordinating with its other in-country partners and colleague organizations.” Make a donation online or call 800-676-1638.
- Mercy Corps “will begin deploying our team tomorrow and working now to line up resources to respond.” Make a donation online or call 888-256-1900.
- Americare has pledged to send staff and $5 million in relief aid. Make a donation online.
- Doctors Without Borders is working to deploy extra staff at severely damaged medical facilities. These include its own 60-bed hospital that it said was one of the only free facilities in Port-au-Prince.
- Make a donation online or call 212-763-5779.Relief