Catch up on stories from the past week (and beyond) at the Slashdot story archive


Forgot your password?

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

Government Space The Almighty Buck Science Technology

Could Insurance Coverage Hobble Commercial Space Flights? 169

Posted by samzenpus
from the devil's-in-the-details dept.
coondoggie writes "Should the government continue to share the monetary risk of a catastrophic spacecraft accident even as the United States depends ever-more on commercial space technology? The question is one currently up for debate as the program that currently insures space launches, the Federal Aviation Administration's 'indemnification' risk-sharing authority, which can provide a maximum of $2.7 billion of insurance per launch, expires at the end of the year. According to the Government Accountability Office a catastrophic commercial launch accident could result in injuries or property damage to the uninvolved public, or 'third parties.' In anticipation of such an event, a launch company must purchase a fixed amount of insurance for each launch, per calculation by FAA; the federal government is potentially liable for claims above that amount up about $2.7 billion."
This discussion has been archived. No new comments can be posted.

Could Insurance Coverage Hobble Commercial Space Flights?

Comments Filter:
  • I know, right? (Score:3, Interesting)

    by shiftless (410350) on Friday June 08, 2012 @05:22AM (#40254439) Homepage

    Could Insurance Coverage Hobble Commercial Space Flights?

    No, because humanity as a whole is not stupid enough to continue hobbling itself with such ridiculous rackets as "insurance companies." If they are holding up progress, eventually they will be discarded as the worthless trash they are. Won't let me launch my rocket in the U.S.? Oh well, I'll find some other country that's interested in being a part of the solution, not the problem.

After any salary raise, you will have less money at the end of the month than you did before.