Fukushima I Nuclear Power Plant was insured for some tens of millions of euros with German Nuclear Reactor Insurance Association. Under the terms of the insurance policy, the policyholder was not insured for damage caused by earthquakes, tsunamis, and volcanic eruptions. Therefore the German Nuclear Reactor Insurance Association had no resulting liability to Tokyo Electric Power Company, the owner of the Fukushima I Nuclear Power Plant, because of Fukushima I nuclear accidents.