X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Dr. Sima Adhya has her sights set on other-worldly coverage. With a degree in natural sciences from Cambridge University, a Ph.D. from University College London and following a stint at U.K. defense and research agency QinetiQ, she joined Torus as Head of Space in 2012. Torus underwrites a broad range of traditional and innovative products within the space sector.

What kind of insurance coverage is legally required of private space flights?

U.S. regulations require that satellites have a certain limit of third-party liability cover, but operators do not have to insure the asset itself. That is up to the risk appetite of the operator. Most government missions do not have asset insurance, while typically commercial missions do. Third-party liability, which Torus provides, is the only cover necessitated by U.S. law, but it is a small part of the insurance for most missions.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.