To address these issues, Congress introduced the Price-Anderson Act in 1957. The Act required companies to obtain the maximum possible insurance coverage against accidents, determined to be $60 million, and provided a further government commitment of $500 million to cover any claims in excess of the private insurance. Companies were relieved of any liability beyond the insured amount for any incident involving radiation or radioactive releases regardless of fault or cause. The act was intended to be temporary, and to expire in August 1967 as it was assumed that once the companies had demonstrated a record of safe operation they would be able to obtain insurance in the private market. At the same time, Congress encouraged the insurance industry to develop a way that power plant operators could meet their financial protection responsibilities. The insurance industry responded by creating an insurance pool called American Nuclear Insurers (ANI), which today includes 60 U.S. property and casualty insurance companies who represent some of the largest insurance companies in the country.