Insuring Space


A brief break from all the serious space news.

Space Monkey from Leo Burnett on Vimeo.

(Source: Space.com)

http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html

(Source: Space News)
The personal spaceflight business — also known as space tourism — will face high hurdles from the insurance business in its early years, according to several industry experts. Policy costs will be extremely high until companies fly without incident at least three times. And a string of early failures may well doom startups to business failure, one of three insurance experts on a panel about the subject said during a panel discussion at the Federal Aviation Administration’s annual Commercial Space Transportation Conference. Early failures, whether by one company or by several, could make it almost impossible for the new industry to get insurance.

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