This is not a NASA Website. You might learn something. It's YOUR space agency. Get involved. Take it back. Make it work - for YOU.
Commercialization

GAO: FAA Dropped The Ball On Launch Insurance

By Keith Cowing
January 16, 2018
Filed under ,
GAO: FAA Dropped The Ball On Launch Insurance

GAO: Commercial Space Launch Insurance: FAA Needs to Fully Address Mandated Requirements
“The Federal Aviation Administration’s (FAA) report evaluating its maximum probable loss (MPL) methodology did not fully address the evaluation and consultation requirements specified by the U.S. Commercial Space Launch Competitiveness Act (CSLCA). FAA officials said they have not been able to take the actions needed to fully satisfy the mandated elements because of issues such as resource limitations and the lack of available data. However, by not resolving these issues, FAA lacks assurance that launch companies are not purchasing more insurance than needed or that the federal government is not being exposed to greater indemnification costs than expected.”

NASA Watch founder, Explorers Club Fellow, ex-NASA, Away Teams, Journalist, Space & Astrobiology, Lapsed climber.