WBD.TYM%OFFICE-2@sri-unix.UUCP (02/14/84)
From: William Daul Tymshare OAD Cupertino CA <WBD.TYM@OFFICE-2>
>From COMPUTERWORLD (Feb 13, 1984 p. 11)
Will mishap hike insurance rate?
NEW YORK -- The insurance industry is feeling repercussions from the
failures to properly launch two $75 million communications satellites from
the space shuttle Challenger this month.
The Westar VI communications satellite owned by Western Union Co. was
insured for $105 million; Western Union had paid a premium of about $5.5
million for the policy. Alexander & Alexander Services, Inc., a New York
brokerage company, was the underwriter for the policy, according to a
Western Union spokesman. ...al@ames-lm.UUCP (Al Globus) (02/21/84)
>>>>>>>>> From: lauren%RAND-UNIX@vortex.UUCP My guess is that both W.U. and Indonesia will simply take their insurance money and make no effort to recover or otherwise make use of their "low-orbit" satellites. It'll be interesting to see how much the insurance premiums have shot up for the next deployment. --Lauren-- >>>>>>>>> According to Aviation Week and Space Technology the rates will double. Five communication satellites have been lost in the last year or so, two by shuttle/PAM, two by Ariane, and one by Delta. I'm glad I don't work in the space department of Lloyd's of London.