The NEIL Model

Nuclear Electric Insurance Limited (NEIL) is living proof that a member-owned mutual can flourish in the nuclear sector. You can find out more at NEIL’s website: https://myneil.com/

What NEIL Is

• Member-owned mutual insurance company formed by U.S. nuclear utilities
• Provides property, decontamination, and related coverages for nuclear power plants
• Owned by its Members—the utilities themselves—not by outside shareholders
• Emphasizes long-term cost stability, preventing claims, and financial strength
• Established in 1980 shortly after the 1979 Three Mile Island accident dramatically reduced insurer interest in the nuclear market.
• Trusted by more than 50 utilities for decades, including TVA, Entergy, Constellation, and Duke Energy

How Ballast Looks to NEIL

Ballast applies the same philosophy one step down the supply chain—to the vendors, fabricators, engineering firms, construction firms, manufacturers, and field services firms that serve those plants. Member economics come first. Our intent is to produce the lowest long-term cost of risk while providing durable coverage options to customers in the nuclear business.