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Bensemus t1_j5k6xgj wrote

Reply to comment by hmm-boy in Space insurers toast another profitable year. The space insurance market managed to make a profit for 2022 despite a devastating Vega C rocket failure at the end of the year that ruined two Airbus imaging satellites. by EricFromOuterSpace

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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