Space Tourism Insurance to Be Expensive


	Space Tourism Insurance to Be Expensive

tabsey

2-11-2008 8:36 AM

148 views

tags:

space

tabsey says:

It isn't because of the baggage handlers, apparently

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/80a79a8c-7bcf-4aa0-9e46-155affba9631/395F668A-4530-4993-89B0-B9EA58A7737B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html" href="http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html" style="font-size: 11px;">www.space.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html"><SPAN>The personal spaceflight
business — also known as space tourism — will face high hurdles from the
insurance business in its early years, according to several industry experts.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html"><SPAN>Policy costs will be
extremely high until companies fly without incident at least three times. And a
string of early failures may well doom startups to business failure, one of
three insurance experts on a panel about the subject said during a panel
discussion at the Federal Aviation Administration's annual Commercial Space
Transportation Conference.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.space.com/businesstechnology/080211-busmon-tourism-insurance.html"><SPAN>"In the beginning
rates are going to be high. They are going to be very high," said Raymond
Duffy, senior vice president at Willis Inspace of New York. "Once you show
a positive result the rates will come way down." Duffy noted that early
failures, whether by one company or by several, could make it almost impossible
for the new industry to get insurance. He urged the personal spaceflight
companies to reduce risk as much as possible across the industry.</SPAN></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/395F668A-4530-4993-89B0-B9EA58A7737B/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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