Webmaster rambling and mental notes
Could Insurance Coverage Hobble Commercial Space Flights?
6/8/2012

Coondoggie writes "Should the jurisdiction restart to share the monetary risk of a cataclysmic spacecraft misfortune even as the United States depends ever-more on mercantile space technology? The inquire 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 lock per launch, expires at the end of the year. undeniable to precept to the empire Accountability Office a fateful mercantile launch event could result in injuries or digs damage to the uninvolved public, or 'third parties.' In anticipation of such an event, a launch company must steal a fixed amount of police for each launch, per calculation by FAA; the federal guidance is potentially liable for claims above that amount up about $2.7 billion."

Read more of this story at Slashdot.




More: - Continued here

Share |
(Posted in Nerd)
Share and enjoy
  • Digg
  • del.icio.us
  • blinkbits
  • BlinkList
  • BlogMemes
  • blogmarks
  • DZone
  • Fark
  • Furl
  • Netvouz
  • NewsVine
  • Reddit
  • Slashdot
  • Smarking
  • Spurl
  • StumbleUpon
  • Taggly
  • Technorati
  • YahooMyWeb
Entry 1 of 9625
Last Page | Next Page