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hmm-boy t1_j5jxtzt wrote

Insurers having a profitable year == space insurance rates are too high?

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Bensemus t1_j5k6xgj wrote

If insurance companies never turned a profit they would leave the area. That's not what you want. As an individual you can't personally insure your home or car unless you are extremely wealthy. Excessive profits are an issue but profits in general aren't.

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pzerr t1_j5n19n1 wrote

Excess profits year after year are not right.

Having excess profits for a couple years after some years of losses is fine. Space launches are rather a unique and relatively small market and a few bad launches to make for a bad year.

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