According to this article (http://en.wikipedia.org/wiki/Satellite_insurance http://en.wikipedia.org/wiki/Satellite_insurance) there are about 20 companies who d

According to this article (http://en.wikipedia.org/wiki/Satellite_insurance http://en.wikipedia.org/wiki/Satellite_insurance) there are about 20 companies who directly offer insurance. As you suggest, Lloyd's was first. It turns out Orbcomm has had large losses before -- they collected $44M on a $50M claim a couple of years ago (http://www.spacenews.com/archive/archive09/orbcomm_0518.html http://www.spacenews.com/archive/archive09/orbcomm_0518.html) Another tidbit from the last article: the form of deductible on such a policy. "Orbcomm [...] said the insurance policy covering the six satellites includes a one-satellite deductible, a condition Orbcomm filled early this year when one of the spacecraft suffered a power failure." A one-satellite deductible. Love it.