NU Online News Service, March 14, 3:05 p.m. EST
The private insurance market is likely not heavily exposed to damage at nuclear reactors in Japan resulting from the 9.0 magnitude earthquake and subsequent tsunami.
Reports say that three nuclear reactors at the Fukushima Daiichi plant have failed and may have partially melted down. The cooling system for the nuclear reactor has failed, along with the back-up system. There have been two reports of the outer building exploding from hydrogen gasses that built up in them, but officials are saying that radiation has not reached critical levels.
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