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I don’t think insurers ever get money from launch providers.
by greglindahl 7y ago
I don’t think insurers ever get money from launch providers.
- hobofan 7y agoThat's what any insurer worth their salt at least tries to do, isn't it? They try to sue and prove negligence of the party creating the damage. The damaging party then tries to prove that they were not negligent and/or try to prove that someone else was (e.g. the supplier producing the struts in that one SpaceX launch failure).
- zaarn 7y agoWell, insurance is a social game, usually. Everyone pays into the pot and if there is a launch failure, the cost is covered out of this pot. They might go after the launch company to get some of the pot back full but ultimately, so many things can go wrong in rocket science that tracking down negligence is hard and it's usually a sum of 20 different factors that are hard to call "negligence" in most cases. Of course, most of the famous disasters usually are a result of that but for example most cases of a SpaceX booster being lost on landing is simply one of a billion things being 1% out of alignment.
- greglindahl 7y agoCan you point out an example? The amounts of money are large enough that I’d think it would be in the press.