- The agent told DealBook of the New York Times that Richard Branson and Jeff Bezos did not purchase insurance for their space travel.
- They said that Virgin Galactic’s VVS Unity spacecraft is likely to be covered.
- DealBook said that Virgin Atlantic has previously stated that passengers must sign a contract agreeing that they are fully responsible for their own safety.
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The agent told the New York Times’ DealBook newsletter on Friday that Jeff Bezos and Richard Branson will fly to space this month without purchasing any liability insurance.
Virgin Galactic founder Branson Announce He planned to fly to the edge of space on Sunday last week.That is Nine days ago Blue Origin founder Jeff Bezos (Jeff Bezos) also plans Launched on his company’s new Shepard rocket.
The insurance broker told DealBook Virgin Galactic Branson did not see any evidence that they had purchased insurance for the British billionaire in case he was injured during the trip, or worse, he died during the trip.
They stated that the company’s VVS Unity spacecraft is likely to be insured.
There is also no indication that Blue Origin and Bezos The agent told DealBook that they bought insurance to protect Amazon’s founder and billionaire.
Branson, Virgin Galactic, and Blue Origin declined or did not respond to the New York Times’ request for comment.
The Virgin Galactic flight is considered a domestic trip because VVS Unity launched and landed at the same location as the Spaceport in New Mexico, USA No need to travel through space, Reported by DealBook.
VVS Unity will head to the edge of space-55 miles above sea level-and the Blue Origin rocket will fly 62 miles above sea level, passing Carmen Line, And then fall back to the earth.
DealBook said that Virgin Galactic had previously stated that all passengers must sign a contract agreeing that they are fully responsible for their own safety. But it added that under U.S. law, it is almost impossible for companies to pass all responsibilities to customers.
Insurance providers told DealBook that regulators will soon require liability insurance policies for space travel. They said there is enough rocket launch data for brokers to price these types of policies.
“A big question facing the insurance industry is whether this is more like aviation insurance or more like current space insurance policies,” Neil Stevens, senior vice president of space products at insurance broker Marsh, told DealBook. “There is no situation where the insurance market has not strengthened.”
