Launching Jeff Bezos into space is a leap too far for insurers

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.

Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth's atmosphere.

"We're not aware of a case where anybody is insured against passenger liability," Neil Stevens, senior vice president, aviation and space at Marsh, the world's biggest insurance broker, told Reuters. Being uninsured in space is nothing new: NASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers.

Blue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.Insurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.

Blue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth's atmosphere and outer space, where passengers will experience total weightlessness.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😂😂😂

Will Amazon stop running if he is gone? No.

Maybe this amount?

$9.95 this week only

Man claims he’s for the people but cares more about going to space than solving world hunger

Just surprised he thought anyone would insure space travel...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s How Much Money Jeff Bezos Has Reaped From Selling Amazon StockOver more than two decades, Bezos has been a huge seller of Amazon stock. As a result, his stake in the e-commerce giant has dropped to 10% from 42% back in 1997, and he’s got enough cash to buy just about anything in the world he wants. He also paid $0 in federal income tax, Amazon actually got 129M back- EatTheRich How about a game of golf lol.
Source: Forbes - 🏆 394. / 53 Read more »

NASA to Air Launch, Docking of Roscosmos Cargo Ship to Space Station⭐ Can confirm: Launch of a Russian cargo spacecraft to the Space_Station is scheduled for Tuesday, June 29! 📺 Live coverage starts at 7pm ET with liftoff of the Roscosmos ship scheduled for 7:27pm. Learn more about what to expect: Space_Station roscosmos 👌 Space_Station roscosmos Space Aliens? Space_Station roscosmos
Source: NASA - 🏆 672. / 51 Read more »

Here’s How Much Money Jeff Bezos Has Reaped From Selling Amazon StockOver more than two decades, Bezos has been a huge seller of Amazon stock. As a result, his stake in the e-commerce giant has dropped to 10% from 42% back in 1997, and he’s got enough cash to buy just about anything in the world he wants. He also paid $0 in federal income tax, Amazon actually got 129M back- EatTheRich How about a game of golf lol.
Source: Forbes - 🏆 394. / 53 Read more »

NASA to Air Launch, Docking of Roscosmos Cargo Ship to Space Station⭐ Can confirm: Launch of a Russian cargo spacecraft to the Space_Station is scheduled for Tuesday, June 29! 📺 Live coverage starts at 7pm ET with liftoff of the Roscosmos ship scheduled for 7:27pm. Learn more about what to expect: Space_Station roscosmos 👌 Space_Station roscosmos Space Aliens? Space_Station roscosmos
Source: NASA - 🏆 672. / 51 Read more »

Kim Kardashian Gets Permanent Restraining Order Against Alleged StalkerZelenoff has to stay far, far away from Kim for a long time. Plot twist it’s her shadow Stalker ? Lol just look up pornhub It will be a challenge to stay 50 feet away from that ass
Source: TMZ - 🏆 379. / 59 Read more »

NASA sends squid from Hawaii into space for researchDozens of baby squid from Hawaii are in space for study. Wouldn't it be easier for them to study on Earth? The GRE is hard enough as it is. Maybe we're trying to attract aliens with Squid as mating bait🤔🤔
Source: ABC - 🏆 471. / 51 Read more »