COMMERCIAL SPACE LAUNCH INSURANCE
FAA Needs to Fully Address Mandated Requirements
Business & Finance, Accounting, Governmental
| 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...
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...
