Commercial Insurance
Commercial Insurance
Get Instant Health Insurance Quotes!
Commercial Insurance for Private Space Travel A Serious Concern
Private space travel and tourism is already being considered as a reality by the commercial and business insurance industry.
A panel discussion at the Federal Aviation Administration’s annual Commercial Space Transportation Conference, attended by commercial and business insurance experts, indicated that the costs of policies is likely to be extremely high in the early years or until a successful track record had been established by private space tourism companies.
Raymond Duffy, senior vice president of Willis Inspace of New York, commented that commercial business Insurance Rates would be exceptionally high in the beginning, and would only reduce significantly when positive results for safe and successful space travel were confirmed.
He went on to suggest that early failures by Space Travel or Space Tourism companies would make it virtually impossible for the new industry to procure insurance at all, recommending that personal spaceflight companies should spread the risk as much as possible throughout the industry. However, he concluded that eventually the commercial insurance industry and the spacetravel orgranisations would negotiate ways to limit risk and manage the overall costs.
Another Conference delegate, Ralph Harp of Falcon Insurance, suggested that personal spaceflight companies needed to present a very clear and detailed picture of their intentions as they prepare to send their first clients into space. With so little knowledge beyond the international space programme, insurers would have very little information on which to assess the risks they might be undertaking in underwriting any commercial space travel project.
Discussing the problem of securing commercial insurance for private space travel after the Conference, George Whitesides, a senior advisor to Virgin Galactic told Space News that his company had already had some positive discussions with insurers. He said that the insurers had told Virgin that a business model put forward to them seemed sustainable.
It will certainly be interesting to discover who are the first commercial insurers to boldly go where no insurers have gone before.
Back in March 2007, it was reported that BUPA Travel Insurance was considering the space tourist market as its next project in the area of commercial insurance.
A BUPA travel spokesman then commented: “We are looking into space tourism as a real market for the next generation of travellers, especially as Russian cosmonauts have already taken tourists into space”.
The spokesman added: “We provide insurance cover to people in 190 countries so it wouldn’t be a giant leap to add outer space to that list”.
About the Author
See how much you can save on commercial insurance with Autonet Insurance – http://www.autonetinsurance.co.uk.
Who sings this song on the insurance commercial?
i think it’s an insurance commercial. it goes “you’re 16 going on 17…”, and that’s all i remember lol.
its from the sound of music. =)
|
|
United Solutions Snap and Lock Plastic File Tote, Black $13.99 Whether you need to organize files for easy access or you want to store the old ones, this durable file box from United Solutions will handle both tasks. Can accommodate hanging files, letter and legal size documents. The streamlined design of the patented Snap and Lock lid, keeps your valuable documents safe and secure. Multiple file boxes stack nicely and slide effortlessly. Black file box with … |
|
|
I LOVE INSURANCE 1.25 MAGNET Heart Progressive Flo $0.79 These magnets are manufactured from the highest quality materials… made of a hard metal base, thick mylar, strong magnet and true to life vibrant colors. Put them on your refrigerator, locker, file cabinet or any metal object you can think of! Magnets are great party favors for your next gathering and also make great prizes/giveaways. They are wonderful gifts for everyone!… |
|
|
I HEART FLO Coffee Mug $15.95 Get your big tricked out mug!… |
|
|
Trouble $6.54 All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed…. |
|
|
Free Willy (Snap Case) $2.92 Some of us will never understand why this boy-and-his-whale tale became the hit family film of 1993 and one of the bestselling videos of all time. But it is easy to see how clever marketing and a tear-jerking story could touch the hearts of kids and parents the world over, especially because the endangered Orca whale named Willy is such a majestic creature. The story couldn’t be more conventional-… |
|
|
Mahogany Soul $7.04 Mahogany Soul perfectly describes the rich, deep, and lived-in music Angie Stone makes. This veteran singer/songwriter, who was one-third of rap trio Sequence, led acid-jazz combo Vertical Hold, and had a major hand in creating D’Angelo’s Brown Sugar, follows up 1999’s critically acclaimed Black Diamond with another collection of grown-up R&B that’s sexy, satisfying, and smart. Along with (wo)mann… |
|
|
Short Time [VHS] $14.98 … |
|
|
The Incredibles [UMD for PSP] $14.99 Animation studio Pixar (creators of Finding Nemo and Toy Story) reigns supreme: The Incredibles is another stunning example of their inspired storytelling and technical prowess. In a world where superheroes have been outlawed, the former Mr. Incredible (voiced by Craig T. Nelson) and Elastigirl (Holly Hunter) struggle to raise a family (with a teenager daughter who turns invisible and a super-spee… |
|
|
Alias Jesse James [VHS] $14.95 “Fresh, imaginative and hilarious and featuring deliriously entertaining cameos from western stars Fess parker, James Garner, Gene Autry, Roy Rogers and more.”… |
|
|
Similac Alimentum Hypoallergenic Baby Formula, Ready to Feed … |
