GAO Reports On Commercial Launch Insurance

Commercial Space Launch Insurance: Views Differ on Need for Change to Insurance Approach but Clarification Is Needed

"Stakeholders in the space launch industry are divided on the need to change the current insurance approach, in which insurance for spaceports is not required but can be negotiated through contracts between launch companies, which operate launch vehicles, and spaceport operators, which run spaceports. Stakeholders identified some positive aspects of the current insurance approach - for example, some said that negotiating contracts specific to each launch allows for greater flexibility. However, they also raised concerns, including a lack of certainty about coverage for potential damage."

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This page contains a single entry by Keith Cowing published on November 22, 2016 12:40 PM.

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