Who pays for it? An interesting article on the space insurance business for those unfamiliar with it.
6 thoughts on “When Rockets Blow Up”
Comments are closed.
Who pays for it? An interesting article on the space insurance business for those unfamiliar with it.
Comments are closed.
The article is simply wrong, about AMOS-6 that is. Space insurance only kicks in at engine start. Anytime before that it is maritime (shipping) insurance. I have this from an extremely good source.
You called it.
That would seem odd though for this circumstance. Placing the payload atop a fueled rocket undergoing testing leading up to ignition even for a brief interval would seem to stretch my definition of shipping insurance, but I’m no expert in this field!
When rockets blow up, they go boom!
Lloyds of Fort Lauderdale?
Another thought. In the future it might actually be space insurers that finance pad improvements assuming a day comes when they are actually making reasonable profits year over year. Granted that day might never come, but if it does, I could see a scenario whereby an insurer might pay for a “stronger” strong-back that could hold up and protect a payload even when the rocket underneath gives way in an explosion. Even a damaged payload would be less of a claim that one that is totally destroyed. Well, it’s a thought anyway. We similar activity in the automobile industry when it comes to safety ratings of automobiles. That this testing is conducted by the insurance industry should be of no surprise.