Government is in regular contact with the insurance market to discuss the provision of insurance for nuclear operators\u2019 third party liabilities, including for planned nuclear power stations in the United Kingdom. At present there is predicted to be sufficient capacity in the market, although the availability of such insurance will always depend on the circumstances at the time. Government will continue to monitor the insurance market for capacity in this area and to encourage insurers to enter the nuclear insurance market.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4282", "label" : {"_value" : "Biography information for Lord Bourne of Aberystwyth"} } , "answeringMemberPrinted" : {"_value" : "Lord Bourne of Aberystwyth"} , "dateOfAnswer" : {"_value" : "2015-08-12", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-08-12T14:34:32.977Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "63"} , "answeringDeptShortName" : {"_value" : "Energy and Climate Change"} , "answeringDeptSortName" : {"_value" : "Energy and Climate Change"} , "date" : {"_value" : "2015-07-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Nuclear Power Stations: Insurance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what assessment they have made of whether there is sufficient capacity in the United Kingdom and European insurance markets, or elsewhere, to meet the requirements of the operators and contractors of planned nuclear power stations in the United Kingdom.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/579", "label" : {"_value" : "Biography information for Lord Foulkes of Cumnock"} } , "tablingMemberPrinted" : [{"_value" : "Lord Foulkes of Cumnock"} ], "uin" : "HL1553"} , {"_about" : "http://data.parliament.uk/resources/390614", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/390614/answer", "answerText" : {"_value" : "
The Government fully recognises the importance of promoting competition in insurance markets so that customers can get the best price possible. That is why we have given the Financial Conduct Authority (FCA) an objective to promote effective competition in the interest of consumers. The FCA regulates the conduct of financial markets so that they work well and consumers get a fair deal.<\/p>
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We have also created the Competition and Markets Authority (CMA) to oversee competition in markets including the insurance industry. The CMA promote competition for the benefit of consumers, both within and outside the UK and their aim is to make markets work well for consumers, businesses and the economy.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4536", "label" : {"_value" : "Biography information for Lord O'Neill of Gatley"} } , "answeringMemberPrinted" : {"_value" : "Lord O'Neill of Gatley"} , "dateOfAnswer" : {"_value" : "2015-07-27", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2015-07-27T15:48:21.627Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2015-07-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insurance Companies: Competition"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty\u2019s Government what is their assessment of whether the United Kingdom insurance markets are promoting competition and the best price for customers.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/579", "label" : {"_value" : "Biography information for Lord Foulkes of Cumnock"} } , "tablingMemberPrinted" : [{"_value" : "Lord Foulkes of Cumnock"} ], "uin" : "HL1554"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 2, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }