msltoe t1_j5jyuof wrote on January 23, 2023 at 3:32 PM

How badly the editor wanted to say rates "skyrocketed"?

WolverineDDS t1_j5lwzal wrote on January 23, 2023 at 10:55 PM

Thank God, I spend so much time hoping that insurance companies are doing OK.

hmm-boy t1_j5jxtzt wrote on January 23, 2023 at 3:25 PM

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

Bensemus t1_j5k6xgj wrote on January 23, 2023 at 4:25 PM

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.

pzerr t1_j5n19n1 wrote on January 24, 2023 at 3:48 AM

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.

[deleted] t1_j5kk6vh wrote on January 23, 2023 at 5:48 PM

[removed]

Cam599 t1_j5kkvpa wrote on January 23, 2023 at 5:52 PM

How much did they loose on the Virgin failure ?

Primae_Noctis t1_j5kpr67 wrote on January 23, 2023 at 6:22 PM

Sure it wasn't just blood and tears.

Chairboy t1_j5m7z5y wrote on January 24, 2023 at 12:11 AM

Sadly that second stage didn’t stay In The Air Tonight.

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.

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