COMMERCIAL SPACE LAUNCH INSURANCE

FAA Needs to Fully Address Mandated Requirements

Business & Finance, Accounting, Governmental
Cover of the book COMMERCIAL SPACE LAUNCH INSURANCE by Hugues Dumont, Hugues DUMONT
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Author: Hugues Dumont ISBN: 1230002137919
Publisher: Hugues DUMONT Publication: February 3, 2018
Imprint: Language: English
Author: Hugues Dumont
ISBN: 1230002137919
Publisher: Hugues DUMONT
Publication: February 3, 2018
Imprint:
Language: English

The federal government shares liability risks with the commercial space launch industry for accidents that result in damages to third parties or federal property. This arrangement requires space launch companies to have a specific amount of insurance to cover these damages. The government is potentially liable for damages above that amount, up to a cap GAO estimated to be $3.1 billion in 2017, subject to appropriations in advance...

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The federal government shares liability risks with the commercial space launch industry for accidents that result in damages to third parties or federal property. This arrangement requires space launch companies to have a specific amount of insurance to cover these damages. The government is potentially liable for damages above that amount, up to a cap GAO estimated to be $3.1 billion in 2017, subject to appropriations in advance...

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