Monday, March 26, 2012

Post op-ed notes that problem of loose nuclear materials is still very much with us


Yukiya Amano, director general of the International Atomic Energy Agency (IAEA) has an important op-ed on p A15 of the Washington Post, “Securing nuclear materials,” link here

Amano reports on a sting in Moldavia in 2011 nabbing an individual trying to sell HEU.
The biggest practical risk to the public would remain the release of a radioactive dispersion device.  

Generally, these events are not covered  by homeowner’s insurance (as with this article) .   An event like this would obviously make many properties uninhabitable for decades, saddling individuals (often with mortgages) with the total financial loss.  The uninhabitability could last much longer than after a non-covered flood or earthquake.  As far what the government would go through FEMA, one has 9/11 and Katrina to judge by.

Eric Paulos has a perspective from late 2010 on the development of reinsurance and the debate on terrorism insurance in the apartment industry in “Apartment Magazine” here

An attacker could be motivated by the desire to provoke permanent economic ruin on ordinary property-owners in America and the West, and believe he was fomenting “revolution”.

The concerns expressed by the NTI remain as valid today as ten years ago.

Here’s a presentation “Preventing an American Hiroshima” from three years ago on “Uncommon Unknowledge” by the Hoover Institute.   Is this inevitable?

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