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Could Insurance Coverage Hobble Commercial Space Flights?

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."

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