A consortium of 23 Japanese property and casualty insurers has told Tokyo Electric Power Co. (9501.TO) that it will not renew insurance expiring Jan. 15 on the utility's Fukushima Daiichi nuclear plant, source of the nation's worst-ever nuclear accident, sources close to the matter said Monday, the Kyodo news service reported.

The damaged nuclear plant is expected to face far greater risks than other nuclear plants during planned post-accident damage control and decommissioning, they said, Kyodo reported.