space insurance
Do smallsats even need insurance?
Insurers who specialize in the space industry, seeing no quick turnaround, are starting to look beyond its traditional customers to new markets.
Insurance firm paid Astro Digital’s claim for lost cubesats, sources said
An insurance company paid Astro Digital’s claim for the loss of two cubesats sent into orbit on a Russian Soyuz rocket after the Earth imaging and analysis company proved the failure stemmed from a launch problem, according to two space industry executives.
SmallSat Symposium
The SmallSat Symposium is the undisputed Business and Finance Conference for Small Satellites.
World leaders and experts unlock the knowledge required to leverage smallsat innovation and cutting-edge technology into next generation solution…
SpaceX required to carry more insurance for launches from Kennedy Space Center
The company's insurance went from $13 million to $63 million in liability coverage.
Report finds commercial spaceports confused about insurance requirements
A new report recommends that the FAA do more to assist commercial spaceports in determining their insurance requirements, but stops short of calling for regulatory changes regarding coverage for non-federal facilities.
Space insurers warn that current low rates are not sustainable
Satellite insurers on Oct. 5 said the Sept. 1 failure of a SpaceX Falcon 9 rocket while preparing a static-fire test, which destroyed a $200 million satellite, wiped out 20 years of insurance premiums for prelaunch coverage and will almost surely result in a sharp rate increase.
