Widespread panic due to solar flares and satellite collisions isno longer the stuff of science-fiction now that these risks havethe potential to create prolonged business interruption andbillions in insured losses.

What goes on in the sky can affect those on the ground, says aGuy Carpenter report on the reinsurance industry's emergingexposures, and can disrupt entire communities and halt economicactivity. With more satellites than ever in orbit, our reliance onthem for global communications, broadcasting, air traffic controland weather forecasting makes the world a vulnerable place shouldanything disrupt their service.

“Space debris poses a serious risk to operational satellites,”says the report. “Indeed, debris amounts are increasing as objectscontinue to collide with one another, producing morefragments.”

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